Which of the following statements is true?
A) Price controls strengthen the functioning of the invisible hand.
B) Price controls weaken the functioning of the invisible hand.
C) Price controls always benefit buyers and make sellers worse off.
D) Price controls always benefit sellers and make buyers worse off.
B
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Which of the following statements is a positive economic statement?
A) The number of families living in poverty in the United States is too high. B) One in every five children in the United States is living in poverty. C) Government programs to help the poor are just making problems worse. D) Increases in poverty rates signify a deterioration of the U.S. economy.
The market demand curve is derived by:
a. studying an individual's demand for a product over a year. b. comparing the monthly consumption of a group of people. c. surveying a set of consumers and ascertaining their preferences. d. adding up the quantities that consumers in a market are willing and able to purchase at each price. e. calculating the average price a random sample of consumers are willing to pay for a product.
When services are provided and financed by local rather than higher levels of government and people can move freely among governmental units,
What will be an ideal response?
An increase in the rate of interest, other things being equal, will cause a(n):
A. downward shift in the investment demand curve. B. movement downward along the investment demand curve. C. movement upward along the investment demand curve. D. upward shift in the investment demand curve.