Bans and quotas ________ in situations where it is difficult or costly for authorities to monitor and punish rule-breakers.

A. often succeed
B. always succeed
C. sometimes succeed
D. rarely succeed


Answer: D

Economics

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If the price of potatoes is reduced, consumers likely buy

A. significantly more potatoes. B. significantly fewer potatoes. C. roughly the same quantity of potatoes. D. an unknown quantity of potatoes; in this situation, consumers’ actions cannot be predicted.

Economics

A firm's external financing need is met by:

a. debt or equity. b. owners' equity, including retained earnings. c. net working capital and retained earnings. d. net income and retained earnings. e. retained earnings.

Economics

When the price of an input _____, a firm's least-cost production method never uses ______ of that input and usually employs _____.

A. increases; less; the same amount B. increases; less; more C. decreases; more; less D. decreases; less; more

Economics

________: the number of unemployed persons divided by the total civilian labor force

Fill in the blank(s) with correct word

Economics