If a good is not produced, then there is no demand for it
Indicate whether the statement is true or false
False. The demand for a product is independent of its supply. It is possible that people want to buy some of the product but at prices that are below what sellers would require to begin production.
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According to this Application, economist Daron Acemoglu categorizes which of the following as participatory institutions?
A) democracies, monarchies, and dictatorships B) constitutionally limited monarchies and democracies C) tightly controlled oligarchies, democracies, and constitutionally limited monarchies D) monarchies, dictatorships, and tightly controlled oligarchies
An unexpected rise in Housing Starts should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down