Consider the hypothetical supply and demand of Kidneys.
If the government allows the buying and selling of kidneys, what will be the resulting price and quantity of kidneys?
A. (1200, 2000)
B. No kidneys would be exchanged.
C. (0, 900)
D. (1500, 900)
Answer: A
You might also like to view...
In the above figure, the short-run equilibrium will eventually adjust to a long-run equilibrium with a
A) lower price level and smaller real GDP B) higher price level and larger real GDP. C) higher price level and smaller real GDP. D) lower price level and larger real GDP.
Which one of the following possibilities is TRUE?
A) Much of eurocurrency trading occurs in Europe. B) Much of eurocurrency trading occurs in the United States. C) Eurocurrencies trading occurs everywhere except the United States. D) Eurocurrencies trading occurs everywhere except Europe. E) Eurocurrencies trading occurs everywhere except China.
Which of the following is an example of an autonomous spending change?
A) An increase in investment caused by a technological innovation B) An increase in consumption caused by an increase in interest income C) An increase in tax revenue caused by a rise in GDP D) An increase in saving caused by a rise in income
There is widespread ____ about the causes of poverty and widespread _____ about how to alleviate poverty.
A. agreement; agreement. B. disagreement; disagreement. C. agreement; disagreement D. disagreement; agreement.