What is viewed in the private sector as competition in the public sector is treated as _____
a. duplication
b. destruction
c. fighting
d. economic warfare
a
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Among those who became permanent legal residents of the U.S. in 2011, about how many were family sponsored?
A. 65% B. 40% C. 33% D. 25%
The division of the burden of a tax between buyers and sellers in a market is called tax incidence
Indicate whether the statement is true or false
Pricing and output determination under an oligopoly is more complicated than pricing and output determinations in other industries. The primary reason for the complication is the:
A. fewness of firms. B. brand loyalty of consumers. C. powerful effect of advertising. D. mutual interdependence of firms.
Public goods represent ________ because by their very nature they are nonexcludable and nonrival which makes it difficult for the private sector to supply them profitably.
A. a negative externality B. a positive externality C. efficient production D. a market failure