Which of the following explains why soccer players make millions of dollars in Europe but do not in the United States?
a. discriminatory rules established by the government
b. compensating wage differentials for living in Europe
c. discriminatory preferences on the part of US sports fans for other sports
d. efficiency wages paid to European players to enhance on-field performance
c
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A large government budget deficit ________ government saving and ________ national saving
A) raises, raises B) raises, lowers C) lowers, raises D) lowers, lowers
When the tax rate increases, the tax revenue
A) always increases. B) does not change. C) always decreases. D) may increase or decrease.
Being a first mover means:
A) Being the first firm to offer a product in a particular market. B) Being successful. C) Asking for failure. D) Nothing unless the firm continues to be the first mover. E) That there is never a benefit to not being the first mover.
Figure 11-3
In Figure 11-3, which line represents the change in the consumption schedule caused by an increase in the residential property tax?
a.
C1 in graph (a)
b.
C2 in graph (a)
c.
C1 in graph (b)
d.
C2 in graph (b)