An M-form of organization is exploiting functional business areas
Indicate whether the statement is true or false
False
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The price elasticity of demand for a vertical demand curve is:
a. 0. b. -1. c. 1. d. - infinity.
If the supply price of land is zero, including costs of transporting goods produced on the land to the market, then
a. positive rents are paid for the acres furthest from the market b. there are no rent-yielding acres c. the demand for land must be infinitely high d. population growth must be high e. landowners will reap higher rents
The hot spot problem is:
A. the U.S. obtains the majority of its oil supplies from politically unfriendly countries. B. some air pollutants such as sulfur dioxide have a greater effect nearby than further away. C. some air pollutants such as carbon dioxide have an equal effect nearby and further away. D. nuclear plants heat up nearby water, causing a decline in the native fish population.
Which of the following statements is TRUE of static tax analysis?
A. A government cannot change it tax revenues by changing the tax rate. B. A government receives lower tax revenues by raising the tax rate. C. A change in the tax rate can raise or lower tax revenues, depending on other factors. D. A government receives higher tax revenues by raising the tax rate.