Punitive damage awards, which do more than compensate for the losses of those injured, do not influence the safety efforts of makers of products
Indicate whether the statement is true or false
F Punitive damages can be very costly for producers of products and some estimate that their rise in value had as much effect on auto manufacturers designs as regulation by NHTSA.
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Suppose the demand for barley is perfectly elastic. The supply curve of barley is upward sloping. If a tax is imposed on barley,
A) barley sellers pay the entire tax. B) barley buyers pay the entire tax. C) the government pays the entire tax. D) the tax is split evenly between barley buyers and sellers. E) who pays the tax depends on whether the government imposes the tax on barley sellers or on barley buyers.
Excess capacity refers to any unsold output due to insufficient demand
Indicate whether the statement is true or false
The marginal revenue curve for a monopolist is always below the demand curve
a. True b. False Indicate whether the statement is true or false
Assume that foreign capital flows into a nation rise due to expected increases in stock market appreciation. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the real risk-free interest rate and GDP Price Index in the context of the Three-Sector-Model? a. The real risk-free interest rate falls and GDP Price Index rises
b. The real risk-free interest rate falls and GDP Price Index falls. c. The real risk-free interest rate rises and GDP Price Index falls. d. The real risk-free interest rate and GDP Price Index remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.