Society's demand curve for a public good:
a. is given by the horizontal summation of individual demand curves.
b. is given by the vertical summation of individual demand curves.
c. cannot be derived from individual demand curves due to the nature of a public good.
d. is given by the average citizen's individual demand curve.
b
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If money raised in the issue of new stocks and bonds is used effectively,
a. the income from them is not subject to double taxation. b. a firm need not meet SEC requirements. c. the stock is being "watered." d. they generate the means of repayment.
If total production (TP) is greater than total expenditures (TE), it follows that
A) producers have produced more than individuals buy. B) optimum inventory levels rise. C) firms have underproduced. D) actual inventory levels unexpectedly rise. E) a and d