Refer to the graphs shown. In which graph is there no producer surplus either with or without a per-unit tax?
A. B.
B. A.
C. C.
D. D.
Answer: C
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Other things being equal, an increase in the default risk of corporate bonds shifts the demand curve for corporate bonds to the ________ and the demand curve for Treasury bonds to the ________
A) right; right B) right; left C) left; right D) left; left
A monopsony is characterized as a market which has:
A. many buyers and one seller. B. one buyer and many sellers. C. many buyers and many sellers. D. one buyer and one seller.
The Coase Theorem states that the private sector can achieve environmental efficiency, as long as property rights are clearly assigned
a. True b. False Indicate whether the statement is true or false
The demographic transition concept suggests that:
A. effective birth control is the primary prerequisite of DVC income growth. B. income growth must first occur before DVC birth rates will decline. C. children are economic assets in the IACs but economic liabilities in the DVCs. D. the IACs will have higher birth rates than the DVCs.