Which of the following is NOT true according to Say's law?
A. No overproduction is possible in a market economy in the long run.
B. Desired expenditures will always be higher than actual expenditures.
C. Supply creates its own demand.
D. Producing goods and services generates the means and the willingness to purchase other goods and services.
Answer: B
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The analysis of how asymmetric information problems affect economic behavior is called ________ theory
A) uneven B) parallel C) principal D) agency
What is the total utility of five cans of soda?Cans of SodaTotal utilityMarginal utility114 2 12336 444 5 6
A. 50 B. 6 C. 44 D. 8
If the current closing price in the stock of XYZ, Inc. is $87.50 and the July expiration put options with a strike price of $80 are selling for $1.05, what is the intrinsic value of the option? What is the option premium?
What will be an ideal response?
A problem with the operation of the gold standard in the world economy was that
A) it involved too much government intervention in the economy. B) the world economy was subject to too much inflation. C) a country did not have control of its domestic monetary policy. D) it caused the Great Depression.