According to ________, an efficient mix of public goods is produced when local land/housing prices and taxes reflect consumer preferences.
A. Samuelson's theory
B. the Coase theorem
C. the Theory of Public Choice
D. the Tiebout hypothesis
Answer: D
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The economist George Stigler offered support for the Sherman Act when he said
A) competition can only be preserved by protecting competitors from cutthroat competition. B) conglomerate mergers could not be prevented or regulated if it were not for the Sherman Act's prohibition of combinations in restraint of trade. C) predatory pricing costs businesses more than it saves consumers. D) the ghost of Senator Sherman is an ex officio member of the board of directors of every large company. E) the Sherman Act is essential if the Clayton act is to be enforceable in any way.
What did the European Central Bank (ECB) do to bolster the value of the euro in September 2000?
What will be an ideal response?
If the interest rate is 5 percent, what is the present value of $5,000 five years from now?
What will be an ideal response?
Draw in a new demand curve, D1, on the graph, showing a decrease in demand What happens to price and quantity?
