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The distinction between supply and the quantity supplied is best made by saying that A. the quantity supplied is represented graphically by a curve and supply as a point on that curve associated with a particular price B. supply is represented graphically by a curve and the quantity supplied as a point on that curve associated with a particular price C. the quantity supplied is in direct relation with prices, whereas supply is in inverse relation D. the quantity supplied is in ...
Weegy: C. the quantity supplied is in direct relation with prices, whereas supply is in inverse relation (More)
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Asked 8/1/2012 7:58:48 PM
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When negative externalities are present, market failure often occurs because A. the marginal external cost resulting from the activity is not reflected in the market price B. the marginal external cost resulting from the activity is reflected in the market price C. the existence of imports from foreign countries takes jobs and income away from U.S. citizens D. consumers will consume the good at a level where their individual marginal benefits exceed the marginal costs borne by the ...
Weegy: A. the marginal external cost resulting from the activity is not reflected in the market price (More)
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Asked 8/1/2012 9:25:15 PM
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Countries can expect to gain from international trade as long as they A. keep production diversified B. specialize according to their comparative advantage C. produce only those goods for which they have a relatively high opportunity cost D. use trade restrictions to reduce competition for domestic producers
Weegy: B. specialize according to their comparative advantage (More)
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Asked 8/1/2012 9:44:11 PM
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