Refer to the table below. If an excise tax of $3 per unit is imposed on this product, the tax revenue for the government will be:
The following table gives data for the market for a product.
A. $60
B. $50
C. $90
D. $70
A. $60
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Which of the following is an example of vertical integration?
a. An industrialist building new plants in a country where operation costs are low. b. A cosmetic company collaborating with worldwide retailers to market its product. c. A fruit juice manufacturer purchasing orchards. d. An exporter delivering goods at a contracted price.
In the United States from 1950 to 2000, it was most likely that an unemployed person would
A. be re-employed in less than 5 weeks. B. be re-employed in 5 to 14 weeks. C. be re-employed in 14 to 26 weeks. D. exit the labor force. E. be re-employed in more than 26 weeks.
One way of reducing our trade deficit would be to get Americans to
A. save more and consume more. B. save more and consume less. C. save less and consume less. D. save less and consume more.
An increase in the demand for health care would most likely result from:
A. Healthier lifestyles B. An aging population C. Less health insurance coverage D. Increased productivity in health care