Over 90 percent of the U.S. government’s tax revenues come from:
A. two sources.
B. one single source.
C. three sources.
D. None of these is true.
C. three sources.
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The net decline in a country's stock of international reserves over a year is called a(n):
A. trade deficit. B. trade surplus. C. balance-of-payments surplus. D. balance-of-payments deficit.
What is an example of the bidder's curse?
A) addiction to auctions B) paying less than the auctioned good value C) Bid a value that is higher than the price of the good at a retail store. D) Never win an auction.
In a Duopoly Nash-Cournot equilibrium,
A) neither firm has an incentive to change its output level given the other firm's output decision. B) firms will choose the pair of quantities above the intersection of the two best response functions. C) firms will choose the pair of quantities below the intersection of the two best response functions. D) firms will choose its quantity regardless of the other firm's output decision.
If the total benefits of a public good exceed the total costs, ______.
a. private firms will not be allowed to produce it b. the government will no longer provide it c. private firms will make it available to consumers d. the government will provide it by using tax dollars