There is currently a price ceiling in the market for transplanted kidneys, which has helped to create a shortage of transplanted kidneys
Indicate whether the statement is true or false
True
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The United States had the largest real GDP per person until the 2012 when the China's real GDP per person overtook and then exceeded that in the United States
Indicate whether the statement is true or false
"A competitive market achieves economic efficiency by maximizing the sum of consumer surplus and producer surplus." This statement
A) is true only if there are no positive or negative externalities in the market. B) is true only if there are positive externalities in production in the market. C) is true in theory, but economic efficiency cannot be achieved in a real market. D) is true only if there are no negative externalities in the market.
On May 12, 2011, the U.S. dollar was worth 0.61 British pounds. How many dollars did it take to buy one British pound?
a. 1.19 b. 1.61 c. 1.64 d. 2.19
All of the following are advantages of partnership EXCEPT? _____.
A. high liquidity results in longevity B. by forming a? partnership, there are increased chances of longevity of business C. forming a partnership is almost as simple as establishing a sole proprietorship D. by forming a? partnership, there is an opportunity to share costs E. income tax is straightforward for partnerships