Which of the following is not a user charge?
a. An entry fee to a national park.
b. A toll for a toll road.
c. A bus fare for a municipal bus service.
d. A flat monthly fee for municipal water service.
d
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Why do publishers print the first edition of a book by a popular author in hard cover and not in paperback?
A) Hard cover books are long lasting and paperbacks can rip easily. B) Readers who want to read the book as soon as it comes out will be willing to pay a higher price compared to those who can wait for the paperback edition. C) A hardcover is the publishers' way of rewarding the avid readers. D) Publishers are not sure of the demand. E) Publishers cannot price discriminate.
The ________ effect means that, other things remaining the same, the higher the wage rate, the less time people will spend working and the more time people will spend at leisure
A) price B) labor C) income D) substitution
In economics, what is meant by investment?
What will be an ideal response?
EBT cards are
A. bought and sold in a perfectly competitive market. B. only available to low-income families with children. C. used to subsidize grocery purchases. D. fully funded through state tax revenues.