The ____________ was designed to raise revenue and achieve mercantilist goals, while the ____________ was simply intended to raise revenue
a. Sugar Act; Tea Act
b. Tea Act; Molasses Act
c. Sugar Act; Stamp Act
d. Stamp Act; Hat Act
c. Sugar Act; Stamp Act
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What causes the labor demand curve to shift? List three factors that can cause the labor demand curve to shift rightward?
What will be an ideal response?
When a firm is able to engage in perfect price discrimination, its marginal revenue curve
A) lies below its demand curve. B) is the same as its demand curve. C) lies above its demand curve. D) is the same as its supply curve. E) is undefined because it does not exist.
If Donald receives a pay raise and the income effect outweighs the price effect on his labor supply decisions, he will work:
A. more hours. B. less hours. C. the same amount. D. less hours initially but eventually work more.
A monopolist is best described as a price
a. taker. b. searcher. c. maker. d. follower.