A public choice is
A) a decision that affects one person.
B) a decision that affects no one.
C) a decision made in public.
D) a decision that affects an entire society.
D
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Eurocurrency activities take place only in Europe
Indicate whether the statement is true or false
Innovation lagged in the centrally planned economies because:
A. there was too much domestic business competition.
B. there was too much competition from foreign firms.
C. enterprises resisted innovation in fear that their production targets would be raised.
D. exports had to equal imports for the plan to work.
Exhibit 7-15 Short-run cost curves for E-Z Care lawn mowing company
?
In Exhibit 7-15, what market price would cause E-Z-Care to just break even?
A. $6 per lawn. B. $8 per lawn. C. $12 per lawn. D. $16 per lawn.
An advantage offered by pollution taxes that is not offered by command-and-control policies is that:
A. under pollution taxes, pollution is usually reduced to zero. B. a pollution tax decreases the price of the polluting good. C. under pollution taxes, the government receives tax revenues that may be used to clean up pollution. D. pollution taxes decrease the demand for the good generating the pollution.