It is generally easier to prevent deforestation than fishery collapse because:
A. it is easier to establish and enforce property rights on national lands than in international
waters.
B. there is greater incentive to have sustainable forests than sustainable fisheries.
C. the demand for wood products has dropped significantly while the demand for fish has
grown significantly.
Answer: A
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Which of the following best represents an indirect tax?
A) federal income tax B) state income tax C) local property tax D) sales taxes paid on goods and services
Since a monopoly can set any price it wants, it always makes a profit?
Indicate whether the statement is true or false
Suppose when the price of calculators is $18, the quantity demanded is 90, and when the price is $22, the quantity demanded drops to 70. Using the mid-point method, the price elasticity of demand is:
A. 1.25 B. 25 percent C. 20 percent D. 25
Some companies merge in order to lower costs through efficient joint production
a. True b. False Indicate whether the statement is true or false