Select whether the statement is true or false.
Macroeconomics and microeconomics are concerned with the well-being of only people with jobs and high incomes; they just examine it from a different perspective.
A. True
*B. False
*B. False
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The table above shows the marginal costs and marginal benefits of college education. If the market for college education is perfectly competitive and unregulated, the amount of enrollment is
A) efficient. B) inefficient because marginal social cost exceeds marginal social benefit. C) inefficient because marginal social benefit exceeds marginal social cost. D) inefficient because the quantity of education demanded exceeds the quantity of education supplied.
The Sherman Act prohibits:
a. contracts in restraint of commerce b. monopolization of an industry c. price discrimination d. a and b e. a, b, and c
Bank capital equals assets minus liabilities
Indicate whether the statement is true or false
Sometimes price cuts can have an unintended result of consumers waiting for deeper discounts. What does this waiting suggest about supply and demand?
A. If buyers are buying less when price falls, the supply curve must have moved left. B. Price cuts have changed buyers' expectations, and the change in expectations has moved the demand curve left. C. The demand curve slopes the wrong way because price cuts have lead to smaller sales. D. If buyers are buying less when price falls, the supply curve must have moved right.