Government purchases and income taxes have the same effect on the multiplier.
Answer the following statement true (T) or false (F)
False
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Correlation means
A) "on the margin." B) the tendency for the values of two variables to move in a predictable and related way. C) other things remaining the same. D) "after this, therefore because of this." E) a natural experiment has been conducted.
Natural monopoly exists when
a. marginal costs are less than average costs for all output levels b. average costs are less than marginal costs for all output levels c. profit is impossible for a private firm d. efficient production is impossible for a private firm e. none of the above
Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes.
src="https://sciemce.com/media/4/ppg__rrr0818190951__f1q216g1.jpg" alt="" style="vertical-align: 0.0px;" height="117" width="538" />Because all residents of Miniville shop at the store located closest to their homes, the optimal location for the first store to open in Miniville is: A. at the western end of Lake Shore Drive. B. Point A. C. Point C. D. there is no single optimal location for the first store.
Consider the following products. Which of them has the flattest demand curve?
A) insulin B) alcohol C) cigarettes D) butter