Cost-benefit analysis can be applied to individual decision-making and public choice theory
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Price leadership may sometimes be an example of covert collusive behavior by oligopolies.
Answer the following statement true (T) or false (F)
Since 1970, the share of income in the
A. lowest quintile has increased and the share in highest has decreased. B. lowest quintile has decreased and the share in highest has increased. C. lowest quintile has increased and the share in highest has increased. D. lowest quintile has decreased and the share in highest has decreased.
Figure 4-22
Refer to . The equilibrium price in the market before the tax is imposed is
a.
$1.00.
b.
$3.50.
c.
$5.00.
d.
$6.00.
Economic takeoff:
A. occurs when development becomes self-sustaining. B. will eventually occur in all developing countries. C. typically occurs in the absence of foreign investment. D. has yet to occur in any developing country.