The presumption that ability breeds economic success finds empirical support

Indicate whether the statement is true or false


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Economics

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The long-run perfectly competitive equilibrium

A. results in normal profits. B. is not economically efficient. C. will never change once it is realized. D. is realized only in constant-cost industries.

Economics

The first antitrust law in the United States was the

A) FTC Act. B) Clayton Act. C) Sherman Act. D) Robinson-Patman Act.

Economics

Adverse selection:

A. results from unobserved characteristics of people or commodities. B. is about the actions of people. C. occurs after the parties have entered into an agreement. D. All of these statements are true.

Economics

If the tax increases as the tax base increases, the tax is said to be

a. proportional. b. regressive. c. digressive. d. progressive.

Economics