When two country's laws and regulations are similar, economist's arguments for free trade are:
A. stronger than when the laws are different.
B. identical than when the laws are different.
C. weaker than when the laws are different.
D. the opposite than when the laws are different.
Answer: A
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A) synergies B) managerial diseconomies C) technological interdependencies D) a hold-up problem
Sharing music files is not a(n)
a. victimless crime b. example of decisions about the use of capital c. issue regarding intellectual property d. current problem e. important issue for the Recording Industry of America
The ATC curve is curve
A. W.
B. X.
C. Y.
D. Z.
The figure above shows the market for gasoline. The government has imposed a tax on gasoline
a) What is the amount of the tax per gallon of gasoline? b) How much of the tax is paid by consumers? How much is paid by producers? Which is more elastic, the supply or demand for gasoline?