Protecting endangered species are likely to be
A) a private cost.
B) a public cost.
C) both private and public costs.
D) neither a private nor public cost.
B
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One of the negative impacts of export subsidy is that:
a. the price of the domestic good increases in the world market. b. the domestic supply of the goods increases more than proportionately than increase in demand. c. the domestic cost of production of the exportable increase. d. it results in a general deflation and hence the domestic producers incur losses. e. it is financed by the taxes paid by domestic consumers and hence it harms them.
If the government allowed a free market for transplant organs such as kidneys to exist, critics argue that such a market would
a. not reduce the shortage of organs. b. benefit rich people but not poor people. c. be inefficient because markets are not good at allocating scarce resources. d. be inferior to a plan imposed by a benevolent dictator.
The BLS has recently made explicit adjustments in its CPI calculations to control for
A. purchase location adjustments. B. consumer electronics quality improvement issue. C. substitution between goods. D. food safety quality issues.
The legislation that prohibited "every contract … or conspiracy, in restraint of trade and commerce… " is the:
A. Federal Trade Commission Act B. Clayton Act C. Celler-Kefauver Act D. Sherman Act