Local governments rely heavily on property taxes.
A. True
B. False
C. Uncertain
A. True
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The EPA’s database of identified environmental hazards is known by the acronym
a. IRIS c. RISK b. ISIS d. IPCC
The quantity of labor demanded is the labor hours all
A) firms plan to hire at a given real wage rate. B) firms plan to hire at a given nominal wage rate. C) employees plan to work at a given real wage rate. D) employees plan to work at a given nominal wage rate. E) Both answers A and C are correct.
Diseconomies of scale can occur as a result of which of the following?
A) increasing marginal returns as the firm increases its size B) lower total fixed cost as the firm increases its size C) management difficulties as the firm increases its size D) greater specialization of labor and capital as the firm increases its size E) increases in the labor force not matched by increases in the plant
A standard which came to the market first, such as the QWERTY letter layout in typewriters, can become entrenched (this layout is still used for computer keyboards today). What is this phenomenon called?
A) path dependency B) sunk cost C) comparative advantage D) network externalities