Which of the following occurred during World War I (1914–18)?
(a) Private markets largely influenced resource allocation.
(b) Non-market controls imposed by the government.
(c) New income taxes financed 100 percent of the war.
(d) Corporate America voluntarily financed 100 percent of the war
efforts to protect their interests.
(b)
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Refer to the scenario above. What is the equilibrium outcome in this case?
A) Both firms will dump their waste into the river. B) Neither of the firms will dump its waste into the river. C) Firm 1 will dump its waste into the river, while Firm 2 will not dump its waste. D) Firm 2 will dump its waste into the river, while Firm 1 will not dump its waste.
In monopolistically competitive markets, products are ________ and there ________ barriers to entry
A) identical; are no B) differentiated; are no C) identical; are D) differentiated; are
Refer to Table 4-5. The table above lists the highest prices five consumers are willing to pay for a concert ticket. If the price of one of the tickets is $36
A) Walter will receive $4 of consumer surplus from buying one ticket. B) Violet and Walter receive a total of $52 of consumer surplus from buying one ticket each. No one else will buy a ticket. C) Violet and Walter will each buy two tickets. D) Xavier, Yolanda, and Zachary will receive a total of $68 of consumer surplus since they will buy no tickets.
At the break-even point for the consumption function
A. the marginal propensity to consume equals l. B. saving is positive. C. saving is zero. D. saving is negative.