In a competitive market, the market demand is Qd = 400 - 5P and the market supply is Qs = 10P - 80. The full economic price under a price ceiling of $25 is
A. 46.
B. 32.
C. 29.
D. 37.
Answer: A
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Stricter laws and regulations to protect intellectual property rights
A) will tend to have little impact on an economy since intellectual property is not tangible. B) will create a stronger and more successful black market for intellectual property. C) will help to create a more successful market system. D) will only benefit those companies whose intellectual property rights have in the past been ignored.
Suppose the Federal Reserve desires to raise the level of planned investment in the economy
It either has to hope that an improvement in business confidence shifts the rate-of-return line to the ________ , or it has to take direct action by ________ the interest rate. A) right, raising B) right, lowering C) left, raising D) left, lowering
Entrepreneurship functions better when
A) the government performs the entrepreneurial function. B) there is a well-defined property rights system. C) saving is relatively low. D) most of the population has low levels of education.
A horizontal line has a slope of 0.
Answer the following statement true (T) or false (F)