According to your authors, market clearing
A) is planned by all buyers.
B) is planned by all sellers.
C) is planned by all buyers and sellers.
D) is planned by economists and government agencies.
E) is an unintended consequence of people pursuing their own plans.
E
You might also like to view...
In 2012, the nominal wage rate for unionized carpenters was $37.50 and the CPI was 204. Calculate the real wage rate for this group of workers
A) $5.44 B) $18.38 C) $47.09 D) $1.84 E) $37.50
Tim's Solar Panel Co manufactures and distributes solar panels in the U.S. market. Two years prior, it had 5 competitors in the market. However, government stimulus in the industry has now encouraged 7 new competitors to enter the market. At equilibrium, the price of Tim's panels: a. is less than the average variable cost of production
b. is dictated by the forces of demand and supply present in the market. c. is less than the fixed cost of production. d. decrease in order to stay ahead of its competitors in the market.
(Consider This) Suppose that a large tree on Betty's property is blocking Chuck's view of the lake below. Betty accepts Chuck's offer to pay Betty $100 for the right to cut down the tree. This situation describes:
A. the Coase theorem. B. the optimal allocation of a public good. C. nonrivalry and nonexcludability. D. a market for externality rights.
The growth rate of real GDP equals
A) the growth rate of hours worked plus the growth rate of labor productivity. B) the growth rate of hours worked minus the growth rate of labor productivity. C) the growth rate of hours worked multiplied by the growth rate of labor productivity. D) the growth rate of hours worked divided by the growth rate of labor productivity.