If a car salesman is paid a fixed commission when he sells a car, the owner is most likely to see
a. Large margins on sales
b. Low margins on sales
c. No sales
d. None of the above
b
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In the United States, health care spending as a percentage of GDP has declined since 1965
Indicate whether the statement is true or false
From a consumer's viewpoint, which of the following policies would be least desirable?
A. Quotas on imported goods. B. Tariffs on imported goods. C. No trade. D. Free trade.
Exhibit 4-6 Demand and supply curves
In Exhibit 4-6, the demand curve has shifted from D1 to D2 and, simultaneously, the supply curve has shifted from S1 to S2. Describe these actions in this market.
A. Market supply has decreased, and market demand has increased. B. Market supply has increased, and market demand has decreased. C. Market supply has decreased, and market demand has decreased. D. Market supply has increased, and market demand has increased.
Which of the following might be a method that the government could use to promote the production of a good that generates positive externalities?
A) subsidies B) regulations C) financing additional production D) All of the above are correct.