A soil bank program pays farmers not to grow food on some of their land
Indicate whether the statement is true or false
T
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A notion that supports the idea that some items should be distributed equally to all is known as
A. Pareto efficiency. B. the Hoover Principle. C. poverty gap closing. D. commodity egalitarianism.
Part of the reason for the success of Facebook is:
A. the avoidance of a positive externality. B. a strong negative network externality. C. a strong positive network externality. D. the avoidance of a negative externality.
If the exchange rate is 1.25 New Zealand dollars per U.S dollar, the price of apples is $2 a pound in the U.S. and 1 New Zealand dollar per pound in New Zealand, what is the real exchange rate?
a. 2.50 b. 2 c. 1.25 d. .75
In situations where businesses who choose to discriminate because they are prejudiced are few in an industry, discrimination:
A. will persist in an efficient market. B. will be eliminated by the competitive market. C. will persist because customers will not give them patronage. D. None of these is true.