A divisive society is one in which members of society work together for the common good
Indicate whether the statement is true or false
False
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Refer to Table 13-3. What is the best course of action for the firm in the short run?
A) It should not cut its price but it should increase its sales by advertising. B) It should stay in business because it covers some of its fixed cost. C) It should shut down. D) It should increase its sales by lowering its price.
Superfund relies in part on strict liability, which means that
a. an individual can be held liable even if negligence is not proven b. only current waste site owners are liable for damages c. polluters can be held liable for damages but not waste site owners d. a single party can be held liable for all damages even if their contribution to damages is minimal
When a tax is levied on a good,
a. government collects revenues which might justify the loss in total welfare. b. there is a decrease in the quantity of the good bought and sold in the market. c. a wedge is placed between the price buyers pay and the price sellers effectively receive. d. All of the above are correct.
_________ is the investment that individuals make in education, training, and health care that raise their productive capacity.
A. Capital market B. Human capital C. Human engineering D. Private good production