Overcrowding under public school choice is not a problem because _____
a. parents find crowded schools undesirable
b. parents do not mind sending their kids to schools far away from home
c. schools have the ability to drastically expand capacity in the short-run
d. schools will be extremely exclusionary
a
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The above figure shows the demand and cost curves facing a monopoly. A $100 per unit tax would raise price by
A) $100. B) $50. C) $25. D) $0.
Refer to Table 3.1 to answer the following questionTable 3.1 Individual Demand and Supply SchedulesQuantity Demanded byPriceAlejandroBenCarlMarket$8.00842________6.001244________4.002046________2.002246________Quantity Supplied byPriceAveryBrandonCassandra $8.006046________$6.004244________$4.002442________$2.00640________In Table 3.1, if government held the price at $3,
A. The government would be setting an effective price floor. B. The shortage would be the same as the quantity demanded. C. The market would be in equilibrium. D. There would be a shortage.
If a country's currency is a reserve currency, then other countries can readily defend their fixed exchange rates with this country's currency without resorting to official intervention in the foreign exchange market.
Answer the following statement true (T) or false (F)
Why is antitrust legislation necessary?
A. Monopolies tend to misallocate resources. B. Monopolies will always make a profit in the long run. C. Monopolies tend to allocate resources in a socially optimal manner. D. All monopolies are unlawful in the United States.