The demand curve for an individual monopolist:

True or False.  Private goods are produced through the market because they have rivalry (one’s use of a good makes it unavailable for others).

True or False.  Banks play no role in the creation of money.

Real GDP is a more accurate measure of economic growth than nominal GDP because:

External costs arise when:

In economics, the demand for a good refers to the amount of the good that people:

Suppose the following data describe output in two different years: Item Year 1 Quantity Year 1 Price Year 2 Quantity Year 2 Price Oranges 15,000  $     0.20 20,000  $       0.25 Computers 600  $750.00 700  $  840.00 Video Games 8,000  $     0.75 10,000  $       1.00 Compute nominal GDP in year 2 (Enter as a numeric value e.g. 100000)

Which of the following is true about the chairman of the Federal Reserve Board of Governors?

True or False.  Each state within the United States pays the same amount of unemployment benefits to unemployed workers.

Using the graph below identify the equilibrium quantity – read the graph carefully.  (Enter your answer as a numeric value, no dollar sign).