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ECONOMICS 415 CLICKER QUESTIONS Chapter 2 – Question Set #1.

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Presentation on theme: "ECONOMICS 415 CLICKER QUESTIONS Chapter 2 – Question Set #1."— Presentation transcript:

1 ECONOMICS 415 CLICKER QUESTIONS Chapter 2 – Question Set #1

2 All of the following apply to the definition of a demand curve except: 0 of 25 1. Market demand is the sum of individual demand curves 2. Individual demand curves reflect individual or private benefits 3. Market demand reflects social costs 4. Market demand reflects social benefits

3 Which of the following does not correctly indicate economic efficiency? 0 of 25 1. D = S 2. MB = MC 3. Q D = Q S 4. net benefits are maximized

4 Which of the following is not an example of market failure? 0 of 25 1. Taxation 2. Imperfect information 3. Externalities 4. Monopoly 5. Inappropriate government intervention

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