A market demand schedule for a product indicates that
A) as the product's price falls, consumers buy less of the good.
B) there is a positive relationship between price and quantity demanded.
C) as a product's price rises, consumers buy more of the good.
D) there is a negative relationship between price and quantity demanded.
D
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Use the following graph of the market for milk to answer the question below.
If 30 million gallons of milk are being produced, then we know marginal benefit
A. is less than marginal cost. B. and marginal cost do not depend on the quantity. C. is greater than marginal cost. D. equals marginal cost.
When currency outstanding decreases,
A) gold certificates rise. B) the money supply increases. C) Fed assets decline. D) bank deposits at the Fed increase.
What are the factors that can shift the supply of financial capital to a certain investment?
a. if people do not want to alter their existing levels of risk b. if the riskiness or return on one investment is the same as other investments c. if the riskiness or return on one investment changes relative to other investments d. if people do not want to alter their existing levels of consumption
Trade should be allowed only if the net benefits are positive—that is, the benefits from trade are larger than the costs of trade
a. True b. False Indicate whether the statement is true or false