The demand for cocaine is believed to be relatively elastic among addicts.
Answer the following statement true (T) or false (F)
False
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If it's possible to eliminate the problems created by externalities, why do they persist?
A. It can be difficult to coordinate the millions of market participants. B. Creating a more efficient solution does not mean it will have a fair distribution of that surplus. C. They can be diffuse, complex, and hard to control. D. All of these statements are true.
The modern view of the Phillips curve suggests that
a. when inflation is less than anticipated, unemployment will fall below the natural rate. b. when inflation is steady, actual unemployment will equal the natural rate of unemployment. c. systematic demand stimulus policies will be unable to affect prices in the long run. d. there will be a trade-off between inflation and unemployment in the long run.
Platform businesses often don't charge people for their product. They do this because:
A. they earn income by mining the data they collect. B. they are paid by government. C. serving the public is what is meant by platform. D. they gain goodwill by not charging for their product.
When was the Clayton Act passed, and what were the main practices that it outlawed?
What will be an ideal response?