Giving presents at Christmas does NOT generate a deadweight loss if
A) all gifts are money.
B) everybody gets exactly want she wants.
C) nobody can be made better off by returning the gift and purchasing a different one.
D) All of the above.
D
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Differences in the stock of human capital between nations are an example of a(n):
A) proximate cause of prosperity. B) implicit cause of prosperity. C) explicit cause of prosperity. D) fundamental cause of prosperity.
When the income elasticity of demand for a good is negative, one can correctly conclude that:
a. the good is a normal good. b. the good is an inferior good. c. the good is a substitute. d. the good is a complement. e. total revenue will decrease when the price increases.
Global capital markets have which of the following characteristics
A) ease of entry. B) many sellers. C) very competitive. D) all of these choices characterize this market.
A corporation uses __________ as its Federal Tax ID number.
a. the owner's social security number b. an EIN number c. business operating license number d. none of these