The economy's marginal benefit curve for a public good is found by ________ for all individuals
A) vertically summing the marginal benefit curves
B) vertically summing the total benefit curves
C) horizontally summing the total benefit curves
D) horizontally summing the marginal benefit curves
A
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Which of the following is TRUE regarding markets?
I) Economists define a market as a geographic location where trade occurs. II) A market enables buyers and sellers to get information about each other and to buy and sell from each other. III) Markets coordinate decisions through prices. A) I only B) I and III C) II and III D) I, II and III
Derivative instruments are
A) assets such as bonds or common stock that derive their value from the value of the companies which issue them. B) assets whose rates of returns must be derived from information published in financial tables. C) assets which derive their value from underlying assets. D) computers which display real-time financial information.