If the price of a good rises, then the effect on the income of the factors that are used intensively in its production will be
A) to raise income by an absolute amount that is less than the rise in prices.
B) to raise income by an absolute amount that is more than the rise in prices.
C) to raise income by a smaller percentage than the rise in prices.
D) to raise income by a greater percentage than the rise in prices.
D
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The problems posed by special interests are unaffected by fiscal federalism
a. True b. False
A production possibilities frontier that is a downward-sloping straight line implies
A) economies of scale. B) diseconomies of scale. C) economies of scope. D) no economies of scope.
A common contractual precommitment strategy is ________.
A) a meet-or-release clause B) price visibility C) a most-favored-customer clause D) a meet-the-competition clause
We all know that the United States has the highest per capita health care spending in the world. Which country has the second highest?
a. Japan. b. Germany. c. Switzerland. d. Great Britain. e. France.