Which of the following is not part of Hernando de Soto's The Other Path?
A. Improving infrastructure.
B. Reducing taxes.
C. Enforcing laws to safeguard private income.
D. Encouraging the "underground" economy.
Answer: D
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As output increases, average fixed cost gets smaller and smaller
Indicate whether the statement is true or false
In the model of public goods, when the government chooses public goods provision optimally
A) there is no public goods production. B) public goods are provided in an amount equal to private goods. C) the marginal rate of substitution of private goods for public goods equals the marginal rate of transformation. D) GDP is maximized.
If some firms leave a monopolistically competitive market, the
a. remaining firms will charge a lower price to try to capture the released market share b. remaining firms' cost curves will shift upward and to the right c. remaining firms' demand curves will shift to the left d. market demand curve shifts to the right e. remaining firms will produce at a different point on their ATC curves
If an employee makes a point of meeting his manager every morning to detail the positive outcomes of the work done the previous day, this is an example of
A. influence costs. B. project monitoring. C. decentralization of decisionmaking. D. project initiation.