A community golf course or swimming pool that is not congested feature as which of the following types of good?
a. Private
b. Quasi-public
c. Open-access
d. Public
b
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An investment tax credit ________
A) is designed to incentivize higher capital stock expenditures at any given interest rate B) may lead to increases in autonomous investment C) may put upward pressure on the interest rate D) all of the above E) none of the above
The three major revenue sources for the federal government in order of decreasing percentages are individual income taxes, corporate taxes, and social security insurance
a. True b. False Indicate whether the statement is true or false
If a person who weighs 100 lbs. is riding in an elevator and is joined by a person weighing 120 lbs., what happens to the average weight of persons on the elevator?
a. It falls. b. It rises. c. It stays the same.
A cartel of 10 firms that controls 100 percent of the output in a market and faces the same cost schedules that a monopolist would in the market will have to set a price somewhat lower than the monopoly price for its product.
Answer the following statement true (T) or false (F)