A tendency for a good to come into favor with consumers because other consumers have chosen to buy the item is
A) price-leadership.
B) negative-sum game.
C) positive market feedback.
D) negative market feedback.
C
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Refer to Figure 4-10. With rent control, the quantity supplied is Q1. Suppose apartment owners ignore the law and rent this quantity for the highest rent they can get. What is the highest rent they can get?
A) more than R1 B) R* C) R1 D) R0
As a percentage of total expenditures, spending on highways has _____ since 1970 . Spending on interest payments has _____ over the same time span
a. increased; increased b. decreased; decreased c. increased; decreased d. decreased; increased
The market system works by getting each person, motivated by his or her own self-interest, to produce products for other people.
Answer the following statement true (T) or false (F)
Payment in the capital market is called investment.
Answer the following statement true (T) or false (F)