The Bahamas and Cayman Islands are known for their warm, sandy beaches and their
A) Edge Act corporations.
B) shell banks.
C) section 20 affiliates.
D) high taxation.
B
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Positive externalities are created by people when they
A) add to the net real income of society. B) are altruistic or concerned for the welfare of others. C) benefit others without intending to do so. D) increase the general welfare. E) promote the happiness of others.
Productivity growth in the service sector
a. is notoriously difficult to measure. b. is comparable to productivity growth in agriculture. c. has been slow compared with productivity growth in manufacturing. d. Both a and b are correct. e. Both a and c are correct.
Refer to the graph shown. If market price decreases from $7.00 per unit to $6.00 per unit, a profit-maximizing perfectly competitive firm will:
A. decrease output from 850 to 750. B. produce 850 units of output. C. increase output from 650 to 750. D. continue to produce 850 units.
Among other things, the U.S. Consumer Product Safety Commission is responsible for regulating
A. the flammability of mattresses. B. consumer financial markets. C. the safety of aircraft. D. cell phone company billing practices.