A tax is sometimes used by government to correct the problems associated with
A. negative externalities.
B. internal benefits.
C. positive externalities.
D. external benefits.
Answer: A
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Sue is taking an accounting job she was offered that pays $67,000 per year. She also had two other offers, a sales job paying $71,000 per year and a marketing job paying $65,000 per year. What is Sue's opportunity cost of taking the accounting job?
A) $65,000 B) $67,000 C) $71,000 D) $136,000
Which of the following will NOT cause market supply to increase?
A) an increase in the number of firms supplying the product in the market B) a change in technology which allows a larger level of production at every price C) an increase in the costs of resources used to produce the product D) a decrease in labor costs
Figure 10-3
Starting from long-run equilibrium at point A in , at which of the following points would short-run equilibrium occur immediately following an unanticipated increase in stock prices?
a.
A
b.
B
c.
C
d.
D
The per se rule refers to the interpretation of the courts that dominant firms should be broken up because of their:
A. market share of dominance. B. history of illegal business practices. C. price discrimination practices. D. tying practices.