A tax on buyers shifts the demand curve and the supply curve
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following regarding a monopolist is INCORRECT?
A) The monopolist is a single supplier of a good or service. B) The monopolist constitutes the entire industry. C) Only expensive products are produced by monopolies. D) There are barriers to entry that allow monopoly.
The union participation rate in the United States is
a. highest among government employees b. highest among private sector workers c. highest in the smokestack industries d. highest in the service sector e. higher than in Sweden
Which of the following long-term bonds has the lowest interest rate?
A) corporate Baa bonds B) U.S. Treasury bonds C) corporate Aaa bonds D) municipal bonds
Defensive medicine refers to the idea that:
A. it is more cost-efficient to prevent illnesses than to cure them. B. physicians may require unnecessary testing as a means of protecting themselves against malpractice suits. C. doctors know much more about diagnosing and treating illnesses than do health care consumers. D. physicians do not advertise their services or fees.