In a perfectly competitive market, the market clearing price:
A) is always equal to the equilibrium price.
B) is unrelated to the equilibrium price.
C) is always lower than the equilibrium price.
D) is always higher than the equilibrium price.
A
Economics
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If the nominal rate of interest on a bond was 7 percent, the inflation rate was 6 percent and an individual was in a 50-percent tax bracket, the after-tax real return on the bond would be equal to
a. 0 percent. b. .5 percent. c. 6 percent. d. 7 percent. e. none of the above.
Economics
All of the following are examples of negative externalities except
a. getting the flu vaccine. b. smoking in a crowded bar. c. driving while intoxicated. d. littering in the park. e. pouring paint down the storm drains.
Economics