Governments often ________ activities that generate external ________.
A. tax; benefits
B. simultaneously tax and subsidize; costs
C. tax; costs
D. subsidize; costs
Answer: C
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If a corporation earns a profit, how do owners of the firm share in the profit?
A) by selling any bonds or stocks owned and realizing a capital gain B) by raising the interest rate on bonds C) through coupon payments on that firm's bonds D) through dividend payments on shares of that firm's stock
For a perfectly competitive firm, which of the following is NOT true?
A) The average revenue curve, the demand and the marginal revenue curves are identical. B) The total revenue curve begins at the origin and slopes upward as output increases. C) The slope of the total revenue curve is equal to the product price. D) The total revenue curve is horizontal.
Conglomerate mergers increase concentration in an industry
Indicate whether the statement is true or false
If resources are combined efficiently in production, then the society
A) is experiencing economic growth. B) is producing at a point outside the production possibility frontier. C) is producing at the most-desirable point on the production possibility frontier. D) is producing at a point on the production possibility frontier but not necessarily at themost-desirable point.