The above figure shows supply and demand curves for apartment units in a large city. If the city government passes a law that establishes $350 per month as the legal maximum rent, producer surplus decreases by
A) d.
B) b + f.
C) c + g.
D) i.
C
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Which of the following is not an advantage of starting a new business as a partnership?
A) The owners have complete control over the business. B) A partnership can easily attain additional funding. C) A partnership has few government rules and regulations to comply with. D) Business profits are only taxed once, not twice.
Reducing tariffs would make international trade easier, which will increase the general economic welfare of the country
a. True b. False Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. A perfect order is one that is received, processed, picked, packed, shipped, documented, and delivered on time without damage. 2. A perfect order is one that is received, processed, picked, packed, shipped, documented, and delivered on time without damage. 3. In logistics, attention to detail is important. This means that all relationships are created equal. 4. Only about 20% of all relationships are transctational in nature. 5. Growing your business by increasing sales with loyal customers is five times more expensive than finding and developing new customers.
When there are few unemployed resources, additional spending will tend to
a. flow directly to the unemployed resources, so that the multiplier can be maintained at 1/1-mpc. b. increase the marginal propensity to consume, and thereby increase the size of the multiplier. c. increase the demand for resources and drive prices downward, increasing the size of the multiplier. d. bid resources away from other activities and drive prices upward, reducing the size of the multiplier.