Unlike the 1920–21 episode, 1929–30 farm prices stood up fairly well when other prices fell
Indicate whether the statement is true or false
False
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Appendix: Incentive-compatible revelation mechanisms attempt to
a. induce an employee to reject the next best alternative employment opportunity b. elicit privately-held information c. secure enforcement primarily by third parties d. reject voluntary contracting with third parties e. impose similar risk premiums on all employees
When the price of taking a ride in Uber increases, the demand for Lyft rides increases, ceteris paribus. Uber and Lyft are therefore
A. Elastic. B. Substitutes. C. Inelastic. D. Complements.
Jerry's Marginal Utility for consuming beer and pizza with $8.00 in income
In the above table, how many hotdogs and beers will Jerry consume if the price of one hotdog is $2.00 and the price of a beer is $2.00?
A. 1 hotdog and 3 beers B. 2 hotdogs and 3 beers C. 3 hotdogs and 1 beer D. 2 hotdogs and 2 beers
To correct for the social impact of pollution, the government should levy a per-unit tax
A. according to the business activity of the polluter. B. that is the same for all polluters regardless of their locations or sizes. C. only to those polluters that can afford to pay for the tax. D. according to the economic damage of the pollution.