In the above figure, CBL is the cost of breaking the law. If it is illegal to sell, but not illegal to buy, then the price per unit will be
A) $500.
B) $400.
C) $300.
D) $200.
A
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If a firm faces a flat demand curve,
A) it cannot engage in price discrimination. B) it can only engage in two-part tariffs. C) it can only engage in perfect price discrimination. D) None of the above.
Describe what will happen to an economy in which the money supply consists of gold coins when a major new source of cheap gold is discovered
Of Social Security benefits and federal income tax brackets, which is indexed?
a. Both are indexed. b. Only Social Security benefits are indexed. c. Only federal income tax brackets are indexed. d. Neither is indexed.
Force that encourages people to start businesses and attempt to improve their material well-being
a. profit motive b. capitalism c. consumer sovereignty d. voluntary exchange