Crowd funding can best be described as:
A) raising funds in a very large market
B) raising small amounts of money from large numbers of people
C) many firms competing for the same source of funds
D) making funds available for a large number of business start ups
B
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If country A is importing good x from country B where x is produced along a perfectly inelastic supply curve, then country B will suffer the entire deadweight loss from any tariff imposed on imports to country A.
Answer the following statement true (T) or false (F)
A firm that discriminates has ________ a nonprejudiced firm and ________
A) the same costs as; competes most often with imported goods and services B) the same costs as; can successfully maximize profit in a competitive industry C) lower costs than; drives other firms out of a competitive industry D) higher costs than; cannot survive in a competitive industry
Which of the following is true of government purchases? a. They are positively related to current income. b. They are negatively related to current income. c. They are directly related to taxes
d. They are decided by public officials. e. They depend on the market rate of interest.
Demand-side inflation occurs when
A. increases in aggregate demand are not matched by increases in aggregate supply. B. aggregate demand falls more rapidly than aggregate supply. C. increases in aggregate supply outstrip increases in aggregate demand. D. long-run aggregate demand rises faster than short-run aggregate supply.