Unemployment insurance and the progressive income tax are two examples of automatic stabilizers
Indicate whether the statement is true or false
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Cost-benefit analysis is a tool that is used
A) only by businesses. B) only by individuals and businesses. C) only by governments. D) by individuals, businesses, and governments.
Collusion
a. is exactly the same thing as competition. b. involves cooperative actions by sellers at the expense of buyers. c. requires competitive actions by sellers to win customers from rival firms. d. can only be achieved in price-taker markets.
A decrease in the price of eggs, all other things unchanged, will result in a(n):
A) increase in the demand for eggs. B) increase in the supply of eggs. C) greater quantity of eggs supplied. D) greater quantity of eggs demanded.
Government imposed price controls often lead to
A. the most efficient use of resources. B. the equilibrium solution in terms of price and quantity. C. maximization of profits. D. illegal trades of the good.