When government agencies become privatized:
A. they are sold to private companies.
B. stock is created and sold to the public.
C. private stock is sold to private households.
D. they are rarely regulated.
A. they are sold to private companies.
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A firm's average total cost is $80, its fixed cost is $1000, and its output is 100 units. Its average variable cost
A) is less than $40. B) is between $40 and $60. C) is more than $60. D) cannot be determined without more information.
Tradable allowances are like quotas in that they both:
A. are efficient. B. reduce the quantity bought and sold to the efficient level. C. maximize surplus. D. All of these statements are true.
Which of the following are scarce resources?
A. Space in a building B. The time of a manager C. Pharmaceuticals D. all of the above
An unexpected decrease in nonlabor income will have a negative effect on a household's consumption.
Answer the following statement true (T) or false (F)