The vast majority of all business sales are accounted for by
A) partnerships.
B) proprietorships.
C) corporations.
D) nonprofit organizations.
C
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In principle, taxes and cap-and-trade plans will have exactly the same effects
Indicate whether the statement is true or false
Which of the following results from providers having more information about treatment alternatives than their patients?
a. Principle-agent problem. b. Rational ignorance. c. Externalities. d. Adverse selection. e. The substitution effect.
The Clayton Antitrust Act
a. was opposed by labor unions. b. defended monopolies. c. outlawed price discrimination. d. never went into effect.
Assume that coffee and tea are substitutes. When the price of coffee increases
A) the supply of tea increases. B) the demand for tea decreases. C) the demand for tea increases. D) the supply of tea decreases.