Wild animals are likely to be
A) private property.
B) endangered species.
C) domesticated by humans.
D) all of the above.
B
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In perfectly competitive markets with identical firms, the burden of a tax is shared by consumers and producers in the short run so long as market demand is not perfectly elastic.
Answer the following statement true (T) or false (F)
The U.S. gives foreign aid primarily through:
A. the World Bank. B. UNICEF. C. USAID. D. the Peace Corps.
In one month, Moira can knit 2 sweaters or 4 scarves. In one month, Tori can knit 1 sweater or 3 scarves. Moira's opportunity cost of knitting scarves is lower than Tori's opportunity cost of knitting scarves
a. True b. False Indicate whether the statement is true or false
If a firm was owned by its employees,
A) there is a higher probability that wage reductions would outweigh layoffs. B) those in charge would not act any differently than regular owners; there would still be layoffs. C) those not in charge would remain risk neutral. D) wage reductions would be lower than if the firm was run for profit.