Why don't we see firms tie-in the sales of fish filets with the sales of pencils?
A) because the demands for these two goods are positively correlated
B) because the demands for these two goods are negatively correlated
C) because the demands for these two goods are independent
D) It violates the Clean Food Act of 1908.
C
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Which of the following is most likely to increase the supply of corn?
a. The farm worker's union successfully negotiates a pay increase for corn harvest workers. b. The Surgeon General announces that eating corn bread contributes to baldness in men. c. Congress and the President eliminate subsidies formerly paid to corn farmers. d. Farmers that grow soybeans can also grow corn, and the price of soybeans drops by 75 percent.
A good that is both nonexcludable and nonrival-in-consumption is called a
a. common good. b. external good. c. public good. d. private good.
Which of the following is an example of hidden actions?
a. a mechanic tells you that you need an entire new engine when you only need a oil change. b. a sales person tells you that you look good in a dress when you don't c. a sales person tells you which color they think goes best with your paint you have chosen d. a sales person tells you which car gets the best gas mileage
Critics of stabilization policy argue that monetary and fiscal policies affect the economy with _____
Fill in the blank(s) with correct word