In a laissez-faire economy, what provides individuals the information needed to make decisions?
A. prices
B. government
C. insurance
D. patents
Answer: A
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Which of the following is an example of a two-part tariff?
A) price discrimination based on the buyers' willingness to pay B) charging a hookup fee plus a monthly charge equal to marginal cost C) higher sales tax on specific products D) different prices based on the cost of production and quantity bought E) A regulated firm uses marginal cost pricing for some customers and average cost pricing for other customers.
Offshoring became a concern in the 1980s when modern communication and transport technology made it possible for firms to relocate production abroad
Indicate whether the statement is true or false
Suppose that a worker in Country A can make either 25 bananas or 5 tomatoes each year. Country A has 200 workers. Suppose a worker in Country B can make either 18 bananas or 6 tomatoes each year. Country B has 400 workers. Two possible consumption bundles that Country B could produce are:
A. (7,200 bananas, 2,400 tomatoes) and (3,600 bananas, 1,200 tomatoes) B. (7,200 bananas, 0 tomatoes) and (4,000 bananas, 1,200 tomatoes) C. (3,600 bananas, 1,200 tomatoes) and (1,800 bananas, 1,600 tomatoes) D. (1,800 bananas, 1,800 tomatoes) and (900 bananas, 2,200 tomatoes)
Refer to the figure below. 
In the figure, a business cycle peak is shown by which point(s)?
A. D only B. A and C and E C. E only D. B and D