A copyright for works created by individuals are in effect for the life of the creator plus ________ years.
A) 95 B) 100 C) 120 D) 70
D) 70
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In NASCAR, a race winner might win, say, $500,000, whereas second place wins $450,000. Why might NASCAR have a 10% reduction in prize money from first and second place?
A) To ensure that there is enough money to pay those who finish near last. B) To motivate drivers to take risks they might not otherwise take. C) To motivate drivers to not take risks they might otherwise take. D) NASCAR is a cartel.
Special interests are likely to have less influence over tax reform _____
a. when the reform is small b. when the reform is comprehensive c. when the reform is at the local level d. when the reform is at the state level
Refer to Figure 8.1. At the profit-maximizing level of output, total revenue is
A) $1200. B) $2160. C) $2400. D) $2680. E) $3160.
According to the above figure, if steel mills ignore the cost of pollution, then the supply curve will
A. remain at S1. B. shift from S2 to S1. C. shift from S1 to S2. D. shift either to the left or the right, but it is impossible to say without more information.