A market demand curve tells us how many units:
A) firms will sell at various prices.
B) individuals will buy at various prices.
C) a firm will sell at various prices.
D) an individual will buy at various prices.
Correct Answer:
Verified
Q45: Assumptions are chosen primarily because they are:
A)realistic.
B)convenient.
C)simplifications.
D)abstract.
Q46: The circular flow of economic activity reflects
Q47: Locational models cannot be used to explain:
A)the
Q48: In economics, self interest is a:
A)positive assumption.
B)normative
Q49: Competition is:
A)the consequence of "more is better."
B)utterly
Q51: Positive economics is an approach that:
A)requires the
Q52: Constructing an economic model requires all of
Q53: Institutions are all of the following except:
A)informal
Q54: Institutions exclude:
A)ministry of industry.
B)social customs.
C)the common law.
D)religious
Q55: Cost- benefit analysis:
A)makes sure that the government
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