Increase in the number of transactors makes it difficult to negotiate private agreements for environmental goods
a. True
b. False
Indicate whether the statement is true or false
True
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Consider a market that is in equilibrium. If it experiences both a decrease in demand and a decrease in supply, what can be said of the new equilibrium? The equilibrium:
A. price and quantity will both fall. B. quantity will definitely fall, while the equilibrium price cannot be predicted. C. price will definitely fall, while the equilibrium quantity cannot be predicted. D. price and quantity will both rise.
The value of corporate stocks and bonds traded in a given year is ________.
A. included in the calculation of GDP because it is a component of gross investment B. included in the calculation of net private domestic investment C. excluded from the calculation of GDP because it does not represent new production D. included in the calculation of gross private domestic investment