The U.S. poverty rate over the last 10 years has been between _____%.
A. 6-11
B. 11-16
C. 16-21
D. 21-26
B. 11-16
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If a government wants to maximize revenues from a tax it should
A) impose it on sellers. B) impose it on consumers. C) choose a good with a relatively elastic demand. D) choose a good with a relatively inelastic demand.
Answer the following questions true (T) or false (F)
1. A product's price approaches its marginal cost as market concentration increases. 2. A vertical merger is one that takes place between two companies producing different goods or services for one specific finished product. 3. Holding everything else constant, government approval of horizontal mergers is more likely to be granted if the "market" that firms are in are broadly defined rather than narrowly defined.
Free riding would be an appropriate description of which of the following behaviors?
a. People who enjoy having nature conserved by The Nature Conservancy but who do not contribute to the organization. b. People crowding into a public park on a nice summer day. c. A fisher putting a more powerful motor on her boat so as to get to the fishing grounds before others. d. Computer software developers who do not charge for their finished programs.
Examples from the United States suggest that the cost to consumers per job saved in highly protected industries is low
Indicate whether the statement is true or false