_____ is an example of a black market activity
a. Purchasing weapons in an alley
b. Purchasing cars from an authorized dealer
c. Purchasing furniture from a shop
d. Purchasing drugs from a pharmacy
a
You might also like to view...
A model that sometimes makes incorrect predictions may be used by economic decision makers
a. under no circumstances b. only if its assumptions are detailed and realistic c. if it is mathematical and computerized d. if it is simple enough for a child to understand e. until a better model is developed
Knowing that the presence of externalities reduces surplus, it implies that:
A. there are mutually beneficial trades waiting to be exploited, so government has an incentive to force those parties to solve the problem themselves. B. government needs to find them and correct the market. C. there are mutually beneficial trades waiting to be exploited so private parties have an incentive to solve the externality problem themselves. D. None of these statements is true.
Suppose GDP is $5.0 trillion, resource extraction is $0.5 trillion, production is $1.5 trillion, and distribution is $1.0 trillion.
1. How big is GO? 2. How big is GO minus GDP?
A manager who tries to enhance worker effort by tying workers' compensation to the profitability of the firm is using:
A. spot checks. B. profit sharing. C. piece rates. D. revenue sharing.