The increased use of PayPal will decrease the velocity of money
a. True
b. False
Indicate whether the statement is true or false
False
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Pa and Pb represent the prices that citizens (a) and (b), the only two people in this nation, are willing to pay for additional units of a quantity (Qc) of the public good. Qs represents the quantity of the public good supplied by government at each of the collective prices.QcPaPbQs1$4$552344324342325121Refer to the above information. If only 1 unit of this public good is produced, then the marginal benefit is:
A. $4 and the marginal cost is $7. B. $3 and the marginal cost is $9. C. $9 and the marginal cost is $3. D. $6 and the marginal cost is $3.
Which of the following statements is FALSE?
A. Wants are unlimited and include all material and nonmaterial desires. B. Services are intangible goods such as dry cleaning, hospital care, and restaurant meal preparation. C. A good is anything that gives satisfaction or happiness to individuals. D. Economic goods are available in desired quantities at a zero price.