If Holland decreases subsidies to its tulip growers, the price of tulips in the United States will rise.
Answer the following statement true (T) or false (F)
True
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A demand curve for a Giffen good would be
A) upward sloping. B) downward sloping. C) horizontal. D) vertical.
Self-insurance refers to the practice of setting aside funds to pay for medical care expenses instead of paying premiums to an insurance company. Approximately, ______ of all employees who participate in group insurance plans work for firms that self-insure.
a. three-fourths b. two-thirds c. one-fourth d. one-third e. one-half
Which of the following justifies the federal government's role in antitrust enforcement?
A. Public goods and externalities. B. Market power. C. Inequity. D. Macro failure.
One reason stagflation is difficult to recover from is because:
A. less output requires less inputs to be hired. B. prices tend to adjust more quickly downward than upward. C. wages are sticky downward. D. input prices increase with output prices.