The group of economists who believe politicians are subject to the laws of demand and supply and focus on this in their analysis are known as:
A. libertarian economists.
B. orthodox economists.
C. public choice economists.
D. radical economists.
Answer: C
Economics
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In the above figure, if output is 10 units, then the total deadweight loss is
A) $5. B) $10. C) $20. D) $60.
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You have an absolute advantage whenever you
A) are better educated than someone else. B) can produce something at a lower opportunity cost than others. C) prefer to do one particular activity. D) can produce more of something than others with the same resources.
Economics
Total cost is equal to
a. TFC + TVC. b. TFC – TVC. c. TFC/TVC. d. TVC/TFC.
Economics
Describe the real option approach to risk-adjusted capital budgeting
What will be an ideal response?
Economics