The nonwhite percentage of the U.S. population rose after the Civil War
Indicate whether the statement is true or false
False
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If Big Sails and Jet Sails are two competing sailboat firms and Big Sails wants to make a threat to Jet Sails more credible, they can do all of the following except which one?
A) take action to lower the firm's costs B) make Jet Sails aware of Big Sails' plans C) take action to increase the firm's capacity D) keep Jet Sails in the dark regarding Big Sails' plans
The economic role of the legal system might best be described as
A) promoting the productive efficiency of competitive markets. B) identifying and producing public goods. C) establishing the "rules of the game" and acting as a referee when disputes arise among market participants. D) identifying and producing merit goods.
Public goods are nonrival in consumption and nonexclusive, so private firms cannot sell them profitably
Indicate whether the statement is true or false
Suppose the government passes laws that require restaurants to disclose the nutritional content of their menu items. This would be an example of a:
A. nudge. B. flawed assumption. C. shadow price. D. push.