Many small governments provide more utility to individuals than one large government in most cases because _____
a. individuals have heterogeneous preferences and can move to an area that suits their taste for government
b. individuals have homogeneous preferences and can move to an area that suits their taste for government
c. the optimal sharing group for nearly all public goods is the local level
d. individuals generally have a preference for local government
a
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Refer to the table above. If the world price for a pair of trousers is $12, then which of the following statements is true?
A) All the four countries will export trousers. B) All the four countries will import trousers. C) Country A and Country B will import trousers, whereas Country C and Country D will export trousers. D) Country C and Country D will import trousers, whereas Country A and Country B will export trousers.
Rate of return regulation is designed to allow a natural monopoly to
A) make an economic profit. B) make zero economic profit. C) underestimate its average cost. D) compete with any firm entering the market. E) make zero normal profit.
Under what conditions should a competitive firm shut down in the short run?
What will be an ideal response?
Some employers choose to discriminate as a means of ____ information costs by hiring workers from a similar background as those that were ____ productive in the past
a. increasing; more b. reducing; more c. increasing; less d. reducing; less