When a free market for a good reaches equilibrium, anyone who is willing and able to pay the market price can buy the good
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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According to Brinley Thomas, the inflows of immigrants to the U.S. in the late-19th and early 20th centuries
a. caused simultaneous growth surges in the U.S. and Europe. b. caused growth surges in the U.S. to coincide with slowed growth in Europe. c. hampered the growth of both the U.S. and Europe. d. had no systematic impact on growth patterns in the U.S. or Europe.
Economics
When each person specializes in producing the good in which he or she has a comparative advantage, total production in the economy
a. falls. b. stays the same. c. rises. d. may fall, rise, or stay the same.
Economics