when a market is in equilibrium ?

Related Mcqs:

Human wants are_______________?

A. Always fixed B. Limited C. Unlimited D. Likely to decrease over time...

Economics is the study of ?

A. how society manages its unlimited resource B. how to reduce our wants until we are satisfied. C. how to fully satisfy our unlimited wants D. how to avoid having to make trade-offs...

Normative economics Forms ________ based on ________?

A. positive statements, facts B. opinions personal facts C. positive statements values D. opinions facts...

Aggregate supply is the total amount ?

A. of labor supplied by all households. B. Produced by the government. C. of goods and services produced in an economy. D. of products produced by a given industry....

Which of the following statements is true about a market economy ?

A. With a large enough computer, central planners could guide production more efficiently than markets. B. Market participants act as if guided by an invisible hand to produce outcomes that maximize social welfare C. The strength of a market system is that it tends to distribute resources evenly across consumers. D. Taxes help prices communicate … Which of the following statements is true about a market economy ?Read More...