The market demand curve for any good is:
a. independent of individuals' demand curves for the good.
b. the vertical summation of individuals' demand curves.
c. the horizontal summation of individuals' demand curves.
d. derived from the firm's marginal cost of production.
c
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According to the "Rule of 70," how many years will it take for real GDP per capita to double when the growth rate of real GDP per capita is 5%?
A) less than 1 year B) 5 years C) 14 years D) 35 years
Predatory dumping is the practice of
a. rejecting imports b. persistently selling a good in another country for a price lower than the world price c. persistently selling a good in another country for a price lower than the domestic price d. temporarily selling a good in another country for a price lower than the world price to drive out competing producers e. temporarily selling a good in another country for a price lower than the domestic price to drive out competing producers