If a competitive market were allowed and developed for human organs, then the price for organs would:
A. Increase and the quantity of organs available would decrease
B. Decrease and the quantity of organs available would increase
C. Increase and the quantity of organs available would increase
D. Decrease and the quantity of organs available would decrease
C. Increase and the quantity of organs available would increase
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Which of the following relationships is likely to exhibit negative correlation?
A) The relationship between inflation in the U.S. and traffic congestion in China B) The relationship between amount saved with a bank and the interest earned C) The relationship between the amount of precipitation in a year and the number of umbrellas sold D) The relationship between level of professional training and unemployment
Producing a differentiated product occurs in which of the following industries?
A) oligopoly, monopolistic competition, and perfect competition B) monopolistic competition and oligopoly C) monopolistic competition only D) oligopoly only
Capital accounts are a measure of how much ____ have invested ____
a. c and d b. d and e c. U.S. stockholders; in the market d. foreign stockholders; in foreign firms e. U.S. firms; in foreign nations
The environmentally friendly firm will operate at a lower marginal and average cost than those firms that shift some costs onto society in the form of external costs
Indicate whether the statement is true or false