A market demand curve reflects the
A) marginal social benefits of consuming a product.
B) sum of private and social benefits of consuming a product.
C) marginal private benefits of consuming a product.
D) external benefits of consuming a product.
C
Economics
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Volatility clustering
A) is evident in most cross-sections. B) implies that a series is serially correlated. C) can mostly be found in studies of the labor market. D) is evident in many financial time series.
Economics
A single firm in a competitive labor market has a labor supply curve that is
A) upward sloping. B) perfectly inelastic. C) perfectly elastic. D) downward sloping.
Economics