This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Do people's incomes result from the choices they make? A) Yes, and from no constraints ... (Read 53 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meganlapinski

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


LCritchfi

  • Member
  • Posts: 519
Reply 2 on: Jun 29, 2018
Gracias!

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

The formation of a chimeric gene that is found in people with certain forms of leukemia. The formation of a chimeric gene that is found in people with certain forms of leukemia.
People have seen patterns in the stars since ancient times.[5] This 1690 depiction of the constellat People have seen patterns in the stars since ancient times.[5] This 1690 depiction of the constellat
The frontal sinus, an airfilled space just behind the brow, is a unique size and shape in each of us The frontal sinus, an airfilled space just behind the brow, is a unique size and shape in each of us
A farmer with a pitchfork, wearing a hat identifying him as a Granger, warns of an oncoming “Consoli A farmer with a pitchfork, wearing a hat identifying him as a Granger, warns of an oncoming “Consoli
People with binge eating disorder often eat in secret People with binge eating disorder often eat in secret
calculate the quantities required to make 5 lb of hydrophilic ointment: calculate the quantities required to make 5 lb of hydrophilic ointment:
Video: Asthma Treatment

For a complete list of videos, visit our video library