An example of an essential facility is

A) the telephone line into your house.
B) U.S. Route 66.
C) the Golden Gate Bridge.
D) your local pizza parlor.


A

Economics

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When tax revenues minus outlays is

i. positive, the government has a budget surplus. ii. negative, the government has a budget deficit. iii. zero, the government has a balanced budget. A) iii only B) ii and iii only C) i and ii only D) i only E) i, ii, and iii

Economics

In and Edgeworth Box economy, no one strictly prefers the endowment allocation to the competitive equilibrium allocation.

Answer the following statement true (T) or false (F)

Economics

Pennsylvania's largest grower of fresh-to-market tomatoes announced in March 2009 he will no longer produce the crop. The acreage he previously devoted to tomatoes and pumpkins will be converted to field corn that is harvested by machines

Of the following, which could have led to the shift from labor intensive tomato production to field corn? A) The market price of tomatoes increased. B) Farm workers' reservation wage fell. C) The wage rate for farm workers increased. D) All of the answers are true.

Economics

How were the initial members of EMU chosen? How will new members be admitted? What is the structure of the complex of financial and political institutions that govern economic policy in the euro zone?

What will be an ideal response?

Economics