Refer to Scenario 14.4. Suppose that a subsidy is implemented on each unit of labor hired. Then the number of workers hired
A) will decrease.
B) will increase.
C) will not change.
D) will change in an indeterminate fashion.
B
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All of the following represent advantages or disadvantages of partnership with a foreign firm except which one?
A) relatively low financial commitment B) immediate access to experienced agents C) complete control over operations D) a lack of control over operations
Refer to the above figure. Which panel represents the long-run supply curve for an increasing cost industry?
A) Panel A B) Panel B C) Panel C D) Panel D
The demand for a cup of coffee is ______________ than is the demand for a dinner at a fancy restaurant because _________________.
A. more price elastic; a cup of coffee requires a smaller portion of one's income. B. less price elastic; a cup of coffee requires a smaller portion of one's income. C. less price elastic; a cup of coffee is more of a luxury. D. more price elastic; a cup of coffee is more of a luxury.
Which of the following statements is false?
A) One of the intended effects of the health-care reform bills passed in March 2010 was for some people who had health insurance before the reform to choose to become uninsured after health-care reform. B) One of the provisions of the health-care reform bills passed in March 2010 is that individuals will be fined for not buying insurance. C) Among the provisions in the health-care reform bills passed in March 2010 is that insurance companies are prohibited from turning down a person with a preexisting disease. D) One of the objectives of the health-care reform bills passed in March 2010 was to bring more people into the pool of insured persons so that insurance policies would become cheaper.