An increase in the plaintiff's cost of litigation will make the plaintiff ________ likely to settle and pay a ________ amount.
A) more; lower
B) less; lower
C) less; higher
D) more; higher
D) more; higher
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Fill in the blank: A producer in a ________ market environment would enjoy total market power
A) perfectly competitive B) oligopolistic C) pure monopoly D) price-taking
If the Gini coefficient for the United States is 0.47 and that for India is 0.36, which of the following statements is true?
a. The U.S. being an industrialized nation has a lower income inequality than India. b. The Lorenz curve for the U.S. lies above the Lorenz curve for India. c. India, in spite of being a developing nation, has lesser income inequality than the U.S. d. The Lorenz curve for India would coincide with the line of perfect equality. e. The distribution of income in both the economies are equal.
Which of the following best describes what will happen to equilibrium if large numbers of people cancel cable television subscriptions in exchange for subscriptions to on-demand movies and televisions providers like Netflix and Hulu?
a. A change in tastes away from cable television causes a leftward shift in the demand curve, a decrease in the equilibrium quantity, and an increase in the equilibrium price. b. A change in tastes away from cable television causes a rightward shift in the demand curve, a decrease in the equilibrium quantity, and a decrease in the equilibrium price. c. A change in tastes away from cable television causes a leftward shift in the demand curve, an increase in the equilibrium quantity, and a decrease in the equilibrium price. d. A change in tastes away from cable television causes a rightward shift in the demand curve, a decrease in the equilibrium quantity, and a decrease in the equilibrium price.
The profitability of an investment project will increase if
a. tax rates increase. b. real interest rates increase. c. real interest rates decrease. d. business tax deductions decrease.