Market activity that goes unreported either to avoid taxes or because the activity is illegal is called:
a. special-interest activity.
b. rent seeking.
c. the underground economy.
d. pork-barreling.
c
Economics
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Loans are examples of a bank's
A) balance sheet. B) assets. C) liabilities. D) net worth.
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Given the information in the table below, find the marginal utility and the total utility.
Economics
A large dam along the Tennessee River is a public good because ______.
a. it is excludable b. it is rival in consumption c. it belongs to the government d. it provides flood protection to everyone
Economics
If marginal cost is less than average total cost,
A. average total cost is falling. B. average total cost is constant. C. average total cost is rising. D. there is no way to determine if average total cost is falling, constant, or rising.
Economics