Which one of the following statements is true?
a. Resources flow from the government to households.
b. Resources flow from firms to households.
c. Taxes flow from firms to the government.
d. Resource payments flow from firms to households
e. Imports flow from firms to foreign economies.
d
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A game in which both players want to coordinate, but each player prefers coordinating on a different outcome is called
A) an assurance game. B) a pure coordination game. C) a battle of the sexes game. D) a chicken game.
Which of the following is likely to increase the exports of a country?
A. an increase in income in the domestic country B. a decrease in income in the domestic country C. an increase in income in foreign countries D. a decrease in income in foreign countries
Explain why high priced lawyers may support an industry ban on price advertising for lawyers
What will be an ideal response?
A price ceiling keeps a price:
a. from rising above a certain level. b. from decreasing below a certain level. c. at a stabilized point. d. from increasing or decreasing.