The federal goal of making land widely accessible, especially in the last half of the 19th century,
a. was largely realized without fraud or favoritism.
b. was implemented despite a process that favored special interests.
c. was often subverted by fraud.
d. None of the above is correct.
e. Only b and c are correct.
e. Only b and c are correct.
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Consumer’s surplus
A. is the gap between total willingness to pay and the total market value of a good. B. guarantees that the market value of a good in money is equal to the total economic value of the good. C. is always negative because of diminishing marginal utility. D. is the total area under a consumer’s demand curve.
If an individual's total utility from consuming two goods increases, then there must be
A. a downward rotation of the individual's indifference curve. B. an inward rotation of the individual's indifference curve. C. an inward shift of the individual's indifference curve. D. an outward shift of the individual's indifference curve.
Distinguish between demand and quantity demanded. Do the same for supply and quantity supplied.
What will be an ideal response?
"Demand" is a series of quantities demanded, one for each person in the market
a. True b. False Indicate whether the statement is true or false