Who is likely to complain to state regulatory authorities about unlicensed movers defrauding customers?
A) Consumer organizations
B) Individual customers who are planning to move
C) Individual customers who have already used unlicensed movers and have not been thoroughly satisfied
D) Licensed movers
E) Unlicensed movers
D
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In the case of an external benefit generated by an activity, such as education, a private subsidy for that activity can achieve an efficient outcome
Indicate whether the statement is true or false
The major advantage of the sole proprietorship is its
a. ability to raise funds. b. lack of distinction between business and owner. c. provision of continuity in the business in case of death. d. flexible management.
Which of the following observations regarding the Gini coefficient (G) is incorrect?
a. If G is one, the Lorenz curve would overlap the line of perfect income equality. b. If G is zero, it represents perfect income equality c. If G is one, it represents perfect income inequality d. The closer G is to 1 the greater the degree of income inequality
Economic theory states that losing comparative advantage in one good means creating a comparative advantage in another. This suggests that:
A. those who experience the transition may find it difficult in the short run. B. in the long run people may not like it, but no one will complain in the short run. C. outsourcing will always be good for every member of a society. D. it can be seen as a success in the short run.