A curve that is derived by summing horizontally individual demand curves is called:
a. aggregate demand.
b. market supply.
c. market demand.
d. aggregate supply.
c
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Why might most people, as in the United States, save less than is good for themselves and for the economy as a whole? How might policymakers encourage more saving?
What will be an ideal response?
Which of the following correctly describes a foreign exchange market?
a. A place where foreign goods are bought and sold in any country b. A market in which foreign tourists can buy domestic goods c. A global market in which people exchange one currency for another d. A place where contracts to deliver agricultural products across countries are exchanged e. A market where the central banks of different countries exchange government bonds
Governments can prevent the overuse of private goods by assigning property rights
a. True b. False Indicate whether the statement is true or false
What is the difference between imports and exports?
What will be an ideal response?