Public choice is concerned with decision making by
A) consumers.
B) businesses.
C) government.
D) foreigners.
E) consumers and businesses.
C
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In the income-expenditure model, firms stand ready to provide all the output that is demanded
Indicate whether the statement is true or false
If Carla can pick more oranges in one hour than Benjamin, then Carla definitely has a comparative advantage in picking oranges
Indicate whether the statement is true or false
Smoking increases the risk of lung infections not only for active smokers but also for other people inhaling the smoke passively. Which of the following will help in reducing smoking?
A) A corrective tax B) A life insurance C) A health insurance D) A health tax
With a nominal interest rate of 10% per year, the present discounted value of $200 to be received in two years is
A) $82.64. B) $90.91. C) $165.29. D) $181.82. E) $220.00.