U.S. sugar quotas cost each person in the U.S. thousands of dollars per year due to higher prices
Indicate whether the statement is true or false
FALSE
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In 2010, the medical specialty that earned the highest rate of return on investment was
a. general primary care. b. Internal medicine. c. pediatrics d. orthopedic surgery e. none of these
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
In the spring, I enjoy the fragrance coming from my neighbors' flowers. The fragrance is is an example of
A) a negative externality. B) a private good. C) the need for antitrust legislation. D) a free rider problem.
A monopolist finds the output (Q*) rate that maximizes profit. It finds the price by
A) taking the height of the marginal revenue curve at output rate Q. B) taking the height of the marginal cost curve at output rate Q. C) taking the height of the demand curve at output rate Q. D) setting price equal to marginal cost.