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Author Question: Refer to the figure above. The equilibrium quantity of dollars traded is: A) 100 dollars. B) 300 ... (Read 94 times)

Charlie

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on: Jun 30, 2018
Refer to the figure above. The equilibrium quantity of dollars traded is:
 
  A) 100 dollars. B) 300 dollars. C) 650 dollars. D) 50 dollars.

Question 2

Comparing the minimum wages between 1974 and 2011 addresses the economic concept of
 
  A) the principle of voluntary exchange. B) the principle of diminishing returns.
  C) the real-nominal principle. D) the marginal principle.


mjenn52

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


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