Which of the following is NOT a true statement about industrial policies?
A) Industrial policies can lead to the development of successful industries.
B) Not all industrial policies are successful.
C) Not all industrial policies are the best use of a nation's resources.
D) Most industrial policies are legal under WTO rules.
D
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Capital gains are
A. treated exactly like other sources of income. B. taxed differently than other sources of income. C. generally not associated with a "lock-in effect." D. only realized at death.
Which one of the following valuation techniques is not based on the value of marketed goods or services?
a. Hedonic pricing b. Avoided cost valuation c. Production function valuation d. Contingent valuation e. Engineering cost valuation
The Mincer earnings function is used to estimate
A. ability bias. B. the age-earnings profile. C. the value of the marginal product of labor. D. the social return to schooling. E. the signaling effect.
For an increase in demand, the price effect is smallest and the quantity effect is largest:
A. when supply is least elastic. B. in the long run. C. in the short run. D. in the immediate market period.