The creation of the dust bowl and the migration of the "Okies" to California took place in the
A. 1920s.
B. 1930s.
C. 1940s.
D. 1950s.
B. 1930s.
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Disadvantages of decentralization are
A. intercommunity externalities. B. forgone scale economies in the provision of public goods. C. inefficient taxation. D. the lack of ability to redistribute income. E. all of these answer options are correct.
A monopoly may arise due to:
A. a patent. B. network externalities. C. large economies of scale. D. All of these
Which of the following statements is consistent with a decrease in supply?
A) Prices of raw material inputs have increased. B) There has been an advance in technology. C) Consumers' incomes have increased. D) The market price has decreased.
A firm will shut down in the short run if
A) total fixed costs are too high. B) total revenue from operating would not cover all costs. C) total revenue from operating would not cover variable costs. D) total revenue from operating would not cover fixed costs.