Based on the data in the above table, to assure that the efficient amount is produced the government can
A) subsidize the suppliers $8 per unit.
B) subsidize the suppliers $2 per unit.
C) tax suppliers $2 per unit.
D) tax suppliers $8 per unit.
C
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A decrease in the expected future domestic exchange rate causes the demand for domestic assets to shift to the ________ and the domestic currency to ________, everything else held constant
A) right; appreciate B) right; depreciate C) left; appreciate D) left; depreciate
Refer to Table 5.1. Ranked highest to lowest in expected income, the majors are
A) economics, accounting, English, mathematics, political science. B) mathematics, English, political science, accounting, economics. C) economics, accounting, mathematics, English, political science. D) English, economics, mathematics, accounting, political science. E) accounting, English, mathematics, political science, economics.
Risk averse individuals will diversify their investments because this will
a. increase their expected returns. b. provide them with some much-needed variety. c. reduce the variability of their returns. d. reduce their transactions costs.
For superstar athletes
A. their entire earnings are economic rent. B. none of their earnings are economic rent since they will do some other work once they are too old to be an athlete. C. none of their earnings are economic rent since rent doesn't apply to labor. D. part of their earnings are economic rent.