A market demand curve measures
A) how much a consumer is willing to pay for an additional unit of the good.
B) the marginal social benefit of an additional unit of the good.
C) the marginal social cost of an additional unit of the good.
D) Both answers A and B are correct.
D
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A second-price auction
a. is also called a Vickrey auction b. is conducted by bidders submitting a single sealed bid c. is where the highest bidder wins and pays the amount of the next highest bid d. all of the above
A disadvantage of the Earned Income Tax Credit (EITC) program is that it does not help alleviate poverty due to unemployment, sickness, or other inability to work
a. True b. False Indicate whether the statement is true or false
Economic growth can result from a(n):
A. decrease in the number of workers available. B. increase in the amount of consumer goods produced. C. increase in the amount of productive resources. D. increase in number of the minimum wage jobs.
Ration coupons are tickets or coupons that give someone a right to purchase a certain amount of a product each time period such as a month.
Answer the following statement true (T) or false (F)