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christopher mar christopher mar
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Posts: 559
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6 years ago
By summing the quantities demanded by individuals at each price we obtain the
 
  A) equilibrium price.
  B) market demand curve.
  C) market supply curve.
  D) individual demand curve.



Ques. 2

A negative externality such as pollution can be corrected by
 
  A) a subsidy to producers.
  B) a tax on producers.
  C) a subsidy to consumers.
  D) a stimulus to production.



Ques. 3

When did the United States register its lowest unemployment rate?
 
  A) in the 1920s
  B) in the economic boom of the 1990s
  C) in the Roaring Nineties (1890s)
  D) at the end of World War II



Ques. 4

A decision made by a rational person
 
  A) is intended to make the person worse off.
  B) would always make the person wealthier.
  C) is identical to a decision that would be made by any other person facing the same choices.
  D) is intended to make the person better off.



Ques. 5

The U.S. Social Security tax is an example of a
 
  A) progressive tax.
  B) proportional tax.
  C) premium tax.
  D) regressive tax.



Ques. 6

An indirect or inverse relationship between price and quantity demanded is
 
  A) the market clearing price.
  B) a change in demand.
  C) a supply curve.
  D) a demand curve.



Ques. 7

Say's law says that
 
  A) consumption is greater than supply.
  B) desired expenditures always equal actual expenditures.
  C) people produce the goods they consume.
  D) people consume the goods they produce.
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killmenowpleasekillmenowplease
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Posts: 303
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6 years ago
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wrote...
6 years ago
found this very helpful thank you
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