When voluntary exchange takes place, both parties gain from the exchange

Indicate whether the statement is true or false

TRUE

Economics

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In 2011, a household with an annual income of $75,000 would find itself in the:

A. second lowest quintile of the household income distribution. B. third quintile of the household income distribution. C. fourth quintile of the household income distribution. D. fifth (highest) quintile of the household income distribution.

Economics

Market price is the same thing as equilibrium price.

Answer the following statement true (T) or false (F)

Economics