If penalties are imposed on the sellers of illegal goods or services, then the equilibrium price ________ and the equilibrium quantity ________
A) rises; increases
B) rises; decreases
C) falls; increases
D) falls; decreases
B
Economics
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Between 1939 and 1944 the United States' national output
A. remained the same. B. nearly doubled. C. nearly tripled. D. nearly quadrupled.
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From 1979-2007, labor income for U.S. households became more evenly distributed.
Answer the following statement true (T) or false (F)
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What is the marginal revenue product of labor (MRP)? What shape does the MRP curve have? Why?
What will be an ideal response?
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What are the benefits of capital mobility?
What will be an ideal response?
Economics