Why does equilibrium in the market for a traded good not occur where that country's quantity demanded equals quantity supplied?
a. Because equilibrium occurs where demand equals supply.
b. Because markets are never in equilibrium.
c. Because some of the good is imported or exported.
d. Because there are several demand curves, and the market can't choose between them.
e. All of the above are correct.
c
Economics
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Explain the Coase theorem. In order for the Coase theorem to be applicable, explain which three conditions must be satisfied. Give an example to show how the Coase theorem can be applied
What will be an ideal response?
Economics
The range of values in which we can be confident that the true regression coefficient lies within a given degree of probability is called a:
A) prediction interval. B) confidence interval. C) logistic regression. D) none of the above.
Economics