An advantage of a negative income tax is that it does not encourage the breakup of families because the only criterion for assistance is family income
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Figure 4.1. The dominant strategy for Alvin is
A) Top B) Bottom C) both Top and Bottom D) Alvin does not have a dominant strategy.
People specialize in activities in which they have a comparative advantage
A) if they know they are more productive than anyone else in the particular activity. B) only if they understand the logic of comparative advantage. C) when they expect to obtain more of whatever they want by doing so. D) only when all of the above are true.
Why would a monopolist never price in the inelastic portion of the demand curve?
What will be an ideal response?
An appreciation of the U.S. dollar will tend to encourage, other things the same ________
A) the purchase of U.S. goods by foreign economic agents B) the purchase of foreign goods by U.S. economic agents C) the purchase of U.S. goods by U.S. economic agents D) the purchase of U.S. assets by foreign economic agents