Consider the hypothetical supply and demand of Kidneys.
Initially, Kidney exchanges are regulated to donations only. This means kidneys can only be exchanged at a price of zero. What is the deadweight loss from this restriction?
A. $825,000
B. $0
C. $1200
D. $1,350,000
Answer: A
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An Internet site that maintains a database of product reviews that anyone can access and that has advertisement banners is:
A. a government provided public good. B. a privately provided public good. C. a private good. D. a privately provided collective good.
One advantage of a partnership over a sole proprietorship is:
A. ease of formation. B. limited liability. C. greater accountability. D. the ability to share the work and risks of business.
One of the business revolutions of the 1980s is "just in time" inventory, a system where businesses estimate their requirements for raw materials and keep no more on hand than is necessary to complete that period's production. What affect did the change to "just in time" inventory have on short-term supply elasticities?
What will be an ideal response?
The different components of the money supply reflect
A. Variations in liquidity and accessibility of assets. B. Whether the deposits are earned or inherited. C. Whether deposits are domestic or international. D. How often depositors use their accounts.