The market demand curve for a particular good
A) is the horizontal sum of all individual demand curves for the good.
B) may be less than an individual demand curve for the good.
C) may or may not show a direct relationship between price and quantity demanded.
D) will not be affected by any of the determinants of individual demand.
A
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The resource allocation method used for the online auctions on eBay is
A) market price. B) lottery. C) contest. D) first-come, first-served. E) sharing equally.
Refer to the tables. The opportunity cost of the fifth unit of capital goods:
Answer the question on the basis of the following production possibilities tables for two countries, North Cantina and South Cantina:
A. is higher in North Cantina than in South Cantina.
B. is the same in North Cantina and South Cantina.
C. is lower in North Cantina than in South Cantina.
D. cannot be determined from the information provided.