A mixed market is one in which:
A. consumers can be buyers and sellers and producers can be sellers and buyers.
B. there are different qualities of a good being sold in the market and there is imperfect information about the quality of each good.
C. a seller of a good requires that the purchase of one good be tied to the purchase of another.
D. demand is positively sloped and supply is negatively sloped.
Answer: B
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According to the mercantilists, colonies were supposed to export ________ and import ________ from _______
a. manufactured products, raw materials, the mother country. b. raw materials, manufactured products, countries outside the empire. c. manufactured products, raw materials, countries outside the empire. d. raw materials, manufactured products, the mother country.
A fixed exchange rate policy:
A. imports monetary policy. B. strengthens domestic interest rate policy. C. will likely make domestic inflation more volatile. D. decreases central bank policy accountability and transparency.
In order to reduce pollution, the government can use all of the following except:
A.) Income transfers. B.) Emissions charges. C.) Forced recycling. D.) Regulatory standards
The immigration of skilled scientists and engineers from other nations pushes the supply curve for innovation to the right, increasing the amount of innovation.
Answer the following statement true (T) or false (F)