The long-term trend in the United States is for markets to become more oligopolistic over time
Indicate whether the statement is true or false
F
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"The recent hurricanes in Florida are bringing financial gain to California citrus growers. Due to extensive damage to the Florida citrus crop, California citrus products are commanding their highest prices ever"
Which of the following statements best explains the economics of this quotation? A) The supply of Florida oranges decreased, causing their price to increase, which then increased the demand for substitute California oranges. B) The supply of Florida oranges decreased, causing the supply of California oranges to increase and the price of California oranges to rise. C) The demand for Florida oranges decreased because of the hurricanes, causing a greater demand for California oranges and an increase in the price of California oranges. D) The demand for Florida oranges decreased, causing their prices to rise, therefore increasing the demand for California oranges.
Stock options have been shown to not align the work of the CEO with the interests of shareholders
Indicate whether the statement is true or false
A tax must be progressive if an individual with a higher income pays more dollars in taxes than an individual with a lower income
a. True b. False Indicate whether the statement is true or false
When two people agree to a price in a negotiation, we can assume that:
A. each one will receive equal benefits from the transaction. B. the seller will receive more benefit from the transaction than the buyer. C. both parties will benefit. D. only one of the parties will benefit, but there is not enough information to determine which one it will be.