Economics

The idea that supply creates its own demand is known as A) the law of supply. B) the law of ...

Started by washai

Under a progressive income tax system, the marginal income tax rate paid by taxpayers A) declines ...

Started by codyclark

Suppose you have four choicesgo to a movie, read a book, watch television, or go to a concert. You ...

Started by charchew

Firms that produce 80 percent of all computer chips have shut down their facilities for maintenance. ...

Started by torybrooks

Which of the following often involves positive external benefits? A) water pollution B) drunken ...

Started by piesebel

A demand curve is derived from A) the production possibilities curve. B) consumer's income. C) ...

Started by fahad

Economists assume people behave A) instinctively. B) rationally. C) irrationally. D) ...

Started by krzymel

A demand curve represents a(n) A) direct relationship between price and quantity demanded. B) ...

Started by asmith134

Which of the following is always TRUE of rational behavior? A) It always entails pursuing one's ...

Started by strangeaffliction

The economy is undergoing a recession that has reduced consumers' incomes. In the computer chip ...

Started by Alainaaa8

A demand curve is a A) graphical representation of the demand schedule. B) graphical ...

Started by neverstopbelieb

Which of the following statements is FALSE about opportunity cost? A) Cost is always foregone ...

Started by dakota nelson

Pollution is caused by a market failure, in an industry in which there is A) unemployment. B) an ...

Started by fagboi

In a progressive tax system A) the marginal tax rate and the average tax rate are the same for ...

Started by Mimi

In the history of the United States, unemployment reached its highest rate A) in the Panic of ...

Started by clippers!

Supply creates its own demand is known as A) Smith's law. B) Say's law. C) the circular flow. ...

Started by geoffrey

An indirect or inverse relationship between price and quantity demanded is A) the market clearing ...

Started by ARLKQ

A decision made by a rational person A) is intended to make the person worse off. B) would ...

Started by melly21297

A negative externality such as pollution can be corrected by A) a subsidy to producers. B) a tax ...

Started by sjones

Steve and Karen decide to attend the same concert when they are each given free tickets to it. We ...

Started by tth

Goods X and Y are complementary goods. A decrease in price of good X has occurred. In the market for ...

Started by 09madisonrousseau09

The population of individuals at least 16 years of age can be broken into 3 groups. They are A) ...

Started by vicotolentino

The assumption that individuals will not intentionally make decisions that will leave them worse off ...

Started by dakota nelson

According to the above figure, if steel mills ignore the cost of pollution, the equilibrium quantity ...

Started by Frost2351

Samia has decided that with the two hours in between classes she can do one of 3 things. She has ...

Started by pane00