If a manager multiplies the quantity sold by the price paid for each unit, the manager calculates:
A. total benefit.
B. total revenue.
C. total cost.
D. total profit.
Answer: B
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What will be an ideal response?
The theory of regulatory behavior that predicts that the "regulators" eventually will become controlled by the "regulated" is called
A) the capture hypothesis. B) the the share-the-gains, share-the-pains hypothesis. C) the asymmetric information hypothesis. D) the market failure hypothesis.
Two cities face identical prices for their housing. City A decided to be a pollution free city "Clean town" and all the factories would locate in city B "Smogville", we expect the prices of housing in city B "Smogville" to
a. increase b. decrease c. stay the same d. none of the above
U.S. Gross Domestic Product includes goods produced by:
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