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 78 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
Wow, this really help

kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

An example showing a modification that has occurred as a result of biological evolution An example showing a modification that has occurred as a result of biological evolution
What emotions are these people expressing? Are these emotions global? Is their way of expressing ... What emotions are these people expressing? Are these emotions global? Is their way of expressing ...
A medical assistant should present a neat appearance and make it a habit to wear a smile. A medical assistant should present a neat appearance and make it a habit to wear a smile.
How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ... How do you set yourself apart in a country so rich that of its 4.6 million people, 79,000 are ...
A 2-fold serial dilution showing the result of moving 0.2 ml of green food coloring successively ... A 2-fold serial dilution showing the result of moving 0.2 ml of green food coloring successively ...
Pulmonary Congestion, which May Result from Congestive Heart Failure Pulmonary Congestion, which May Result from Congestive Heart Failure
Video: Phases of an Action Potential - Resting Potential, Threshold, Rising, Falling, & Recovery Phases

For a complete list of videos, visit our video library