Which of the following does NOT help organize trade?
A) property rights
B) markets
C) the production possibilities frontier
D) None of the above because all these answers given help organize trade.
C
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It makes sense for you to channel funds regularly into a "real world" savings account so you will
A) be prepared to purchase items like gasoline and food that you buy regularly. B) have these funds during your retirement years. C) have funds for a catastrophic expense that is likely to occur only once or twice during your lifetime. D) be prepared to deal with expenses like repairs that you know will occur in the future.
Refer to the information provided in Figure 4.6 below to answer the question(s) that follow.Equilibrium in this market occurs at the intersection of curves S and D.
Figure 4.6Refer to Figure 4.6. The area of [A + B + C] represents
A. producer surplus. B. consumer surplus. C. consumer surplus minus producer surplus. D. consumer surplus plus producer surplus.