Refer to the above figure. The highest price that consumers would be willing to pay for quantity Q2 is

Because it is generally difficult for economists to user experiments to generate data, what must they generally do?

a) do without data b) use whatever data the world gives them c) select a committee of economists to make up data for all economists to use d) use hypothetical, computer-generated data

Traveler's check are

A. part of M1 but not M2. B. not part of M1 or M2. C. part of M2 but not M1. D. part of M1 and M2.