Suppose the nation of Alphonia was charged with dumping electric lawnmowers in the nation of Omegalon. The two reasons a nation like Alphonia would dump products in another nation are:
A. price discrimination and import licensing.
B. outsourcing and predatory pricing.
C. price discrimination and predatory pricing.
D. import licensing and outsourcing.
Answer: C
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Jane is a dietician in a city that twenty years ago voted to restrict the number of dieticians in the city to five and to regulate their prices
Although the city has tripled in size during that time (and thus demand has increased), no new dietician licenses have been issued. Over the years Jane and the other license holders have begun offering a wide variety of perks to their clients to maintain market share. It is clear that the initial restriction on licenses gave Jane a _____. a. monopoly b. transitional gain c. transitional loss d. sense of security
To minimize the asymmetric information problem, the government is called on to require and enforce full disclosure of information
a. True b. False Indicate whether the statement is true or false
Health care improvements often don't happen because:
A. they are too expensive to implement. B. doctors overprescribe and drive the cost of health care too high. C. health care facilities don't exist in some parts of the world. D. they are too expensive to have any significant impact.
Congested non-toll roads is an example of a _____
a. merit good b. club good c. common resource d. nonrenewable resource