If you believe that all people are good - you ascribe to this school of thought
a. biological
b. cognitive
c. structuralism
d. humanistic
Answer: d. humanistic
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Rhode Island has enacted a substantial increase in the tax on employers that finances the workman's compensation system. For some employers, the tax is about $25 per $100 paid in wages. Employers claim they cannot afford to pay the tax. Under which of the following conditions will the actual burden of the tax fall on employers?
a. The employers' demand for labor is perfectly elastic. b. The supply of labor is perfectly inelastic. c. The employers' demand for labor is perfectly inelastic. d. The demand for the good they produce must be perfectly inelastic.
The horizontal dotted line is
A. a price ceiling.
B. a price floor.
C. can be either a price ceiling or a price floor.
D. is neither a price ceiling nor a price floor.
The patent system is used to ______.
a. help innovative firms prosper and promote investment in R & D. b. prevent companies who make inventions from becoming too profitable c. decrease investment in R & D and slow the unfettered growth of technology d. combat overproduction and reduce the damage of negative externalities
The word "monopolistic" in the label "monopolistic competition" refers to the fact that:
A. there is only one firm producing in the market. B. firms have no control over the price they charge. C. each firm produces a slightly different version of the product. D. None of these