Which of the following describes the general effect of tariffs on government revenues as shown in Exhibit 1?
a. eliminated
b. unchanged
c. decreased
d. increased
d. increased
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Under most circumstances, a corporate firm will choose to use retained earnings as a way to finance its activities because
A. it carries a higher cost than issuing new shares of stock. B. there is less regulatory review when internal funds are used for financing. C. current stockholders experience the dilution of their share of stock. D. All of these alternatives are reasons that corporations prefer to use retained earnings.
User-feedback scores on eBay are an example of:
A. screening. B. statistical discrimination. C. building a reputation. D. None of these statements is true.
As an individual consumes more of a given good or service, the marginal utility of that good to the consumer likely: a. increases
b. remains constant. c. falls. d. falls and then rises.
________ is a market structure in which a large number of firms compete vigorously with each other in producing and selling different varieties of a basic product.
A. Monopolistic competition B. Perfect competition C. Monopoly D. Oligopoly