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Author Question: Do people's incomes result from the choices they make? A) Yes, and from no constraints ... (Read 33 times)

LCritchfi

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on: Jun 29, 2018
Do people's incomes result from the choices they make?
 
  A) Yes, and from no constraints whatsoever.
  B) Yes, but from among a limited set of options.
  C) No, because obviously no one would choose to be poor.
  D) No, because others often will not let people have what they choose.

Question 2

If prices are held below the equilibrium price:
 
  A) there exists a surplus in the market.
  B) there exists a shortage in the market.
  C) social surplus is maximized.
  D) all firms earn positive economic profits.


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meganlapinski

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


LCritchfi

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

nanny

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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