You have just bought a used car, and drive away satisfied that you've made a good deal on the purchase. What would an economist say about your "gain" on the deal?
a. Your gain has clearly meant that the seller lost on the deal.
b. The seller has clearly gained, and you have actually lost on the deal.
c. Both you and the seller have gained something.
d. If your gain is too large, then the deal should be re-negotiated.
e. If the seller's loss is too large, then the deal should be re-negotiated.
c
Economics
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Thomas Malthus was an economist who contributed to the ________ theory of growth
A) neoclassical B) Keynesian C) new growth D) socialist E) classical
Economics
In the figure above, the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110. At this point there is
A) an inflationary ga
Economics