Location is a "fundamental" determinant of the price of any house.
Answer the following statement true (T) or false (F)
True
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Which kinds of jobs are migrating from the United States to less developed countries?
a. manufacturing jobs only b. manufacturing, IT, and computer jobs c. IT and computer jobs only d. medical and legal jobs
It is not likely that the costly special-interest farm price supports will be replaced by more efficient direct transfer payments because
a. farming would cease b. such a proposal would attract public attention and threaten the survival of the program c. the private gains from price supports exceed the costs to society d. a direct transfer program would require too much paperwork e. consumers favor the current legislation
A firm has market power if it can raise the price of its product and still sell product to customers.
Answer the following statement true (T) or false (F)
When the government pays part of my university education, it is
A. using direct regulation to discourage an external cost. B. subsidizing an external benefit. C. internalizing an external cost. D. using taxes to discourage an external cost.