If the price of film increases, the demand for film processing would decrease; moreover, the equilibrium price and quantity of film processing should also decrease
a. True
b. False
A
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Arturo wants to start a business where he is the chief executive officer and the company does issue stock. The type of business Arturo wants to start is a
A) sole proprietorship. B) corporation. C) partnership. D) Any of the above could be correct.
Julie is in the 28 percent tax bracket. She earns an 8 percent rate of return after taxes on a tax-free municipal bond. What will the after-tax rate of return be on a taxable bond (with equal risk)?
A. 36 percent B. 28 percent C. 14 percent D. 8 percent
Marginal willingness to pay a. rises as greater quantities are consumed
b. falls as greater quantities are consumed. c. stays the same as greater quantities are consumed. d. none of the above
The demand by sterile couples for babies to adopt has grown rapidly, while the supply has dwindled because of improved contraception, liberal abortion laws, and an increase in the probability that unwed mothers will keep their children. It violates the law to sell human beings at any age, but for every twenty legal adoptions there seemingly is one baby sale at a price up to $50,000 . The generic
term economists apply to the market produced by this type of shortage is a. "black market." b. "white slave market." c. "the adoption market." d. "baby market."