Involuntary exchanges, such as robbery,
a. represent potential Pareto improvements
b. are positive externalities
c. are not Pareto improvements
d. are antitrust violations
e. may be Pareto improvements
C
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Between 1921 and 1929 national output
A. declined slightly. B. stayed about the same. C. rose slightly. D. rose by about 50%.
Assuming all else equal, if a bank expects a bank run in the future:
A) there will be an upward movement along its demand curve for reserves. B) its demand curve for reserves will shift to the left. C) there will be a downward movement along its demand curve for reserves. D) its demand curve for reserves will shift to the right.
The average total cost curves for Plant 1, ATC0, and Plant 2, ATC1, are shown in the figure above. The long-run average cost curve goes through points
A) C, D, G. B) A, C, E. C) A, B, D, G. D) A, B, D, E, F.
"A decrease in the price of tablet computers will decrease the demand for desktop computers." This statement is an example of a normative economic statement
Indicate whether the statement is true or false