Exhibit 30-1
?
A. social failure.
B. optimal failure.
C. market failure.
D. socially optimal output.
E. none of the above
Answer: C
You might also like to view...
Restaurants like to give away free salty peanuts while you wait for your food in order to encourage you to
A. Buy more beverages. B. Buy expensive salty food on the menu. C. buy more peanuts at the souvenir shop. D. None of the choices are correct.
If aggregate expenditure decreases, then equilibrium output increases.
Answer the following statement true (T) or false (F)
The Trade Adjustment Assistance Act of 2002:
A. enacts temporary tariffs to enable firms hurt by foreign competition to transition to new industries or improve their international competitiveness. B. subsidizes firms for a maximum of two years as they try to establish themselves in foreign markets. C. provides price supports on domestically produced goods for up to 52 weeks. D. provides financial help for up to 78 weeks for workers displaced by imports or plant relocations abroad.
The total physical product increases initially at an increasing rate, and then, because of the law of diminishing returns, at a decreasing rate
Indicate whether the statement is true or false