In the last few decades, tariffs have:
A. risen by more than 20 percent in developing countries.
B. fallen by more than 20 percent in developing countries.
C. risen more in developing nations than in developed countries.
D. risen more in developed nations than in developing countries.
B. fallen by more than 20 percent in developing countries.
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The existence of diseconomies of scale (size) for the firm is hypothesized to result from:
a. transportation costs b. imperfections in the labor market c. imperfections in the capital markets d. problems of coordination and control encountered by management e. All of the above
For most industries, average costs decrease indefinitely as output expands
a. True b. False Indicate whether the statement is true or false
Net taxes represent:
a. the difference between the amount of taxes collected by governments and the amount of transfer payments that governments return to households. b. the difference between the amount of interest payments that governments pay on bonds and the amount of taxes collected by governments. c. the sum of the amount of taxes collected by governments and the amount of transfer payments that governments return to households. d. the product of the amount of taxes collected by governments and the amount of transfer payments that governments return to households.
Consider a good for which the number of people who benefit from the good is large and the exclusion of any one those people is impossible. In this case, the market for this good will likely
a. be provided by a private firm rather than the government. b. have a free-rider problem. c. not exist. d. be limited to a small number of units of production.