Assume that for good X the supply curve for a good is a typical, upward-sloping straight line, and the demand curve is a typical downward-sloping straight line. If the good is taxed, and the tax is doubled, the
a. base of the triangle that represents the deadweight loss quadruples.
b. height of the triangle that represents the deadweight loss doubles.
c. deadweight loss of the tax doubles.
d. All of the above are correct.
b
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Multinational companies can easily apply identical production methods in different countries and obtain the same results
Indicate whether the statement is true or false
Which of these firms have a low supplier power?
a. Pharmaceutical firms b. Semiconductor firms c. Car Dealerships d. Software firms
An externality is an unintended ____ imposed on ____ as a result of the ____
a. c or d b. cost; sellers; negligence of others c. cost; third parties; economic activity of others d. benefit; third parties; economic activity of others e. benefit; sellers; beneficence of others
To control moral hazard on the providers' side of the market and the increased spending that accompanies it, managed care organizations enter into contracts with providers that include all of the following except:
a. risk sharing. b. case management. c. the ability to deny coverage to high-cost users. d. utilization review. e. capitation.