The graph shown demonstrates a tax on buyers. Once the tax has been imposed, the sellers produce ____ units and receive _____ for each one sold
A. 6; $22
B. 6; $34
C. 9; $18
D. 9; $30
A. 6; $22
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By providing workers with more machines, equipment and buildings to use in the production of goods, production would decrease
Indicate whether the statement is true or false
If people have never implemented an idea that you believe offers substantial opportunity:
A. you should seek a low interest loan immediately in order to launch your product. B. you should conclude people are irrational. C. your evaluation might be missing something and you should carefully revisit the first three economists' questions. D. you should conclude that you are being irrational.
The value of the wheat used in the production of bread is not included in the calculation of GDP
a. True b. False Indicate whether the statement is true or false
The moral-hazard problem and the desire of firms to lessen that problem serve as a plausible explanation for a firm paying above-equilibrium wages to its workers
a. True b. False Indicate whether the statement is true or false