Unlimited liability is NOT a characteristic of
A) corporations.
B) partnerships.
C) proprietorships.
D) the market economy today.
A
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If the firm facing the demand curve P = 10 - Q still has zero marginal costs and is now a perfect price discriminator instead of a single price monopolist, what will profits be if fixed costs are 12? 
A. 10 B. 13 C. 38 D. 12
In 2001, Congress and President Bush instituted tax cuts. According to the short-run Phillips curve, in the short run this change should have
a. reduced inflation and unemployment. b. raised inflation and unemployment. c. reduce inflation and raised unemployment. d. raised inflation and reduced unemployment.
The burden of a tax is
A. the amount of revenue that the government raises from the tax. B. what it would cost in alternative tax revenue to provide the same level of service. C. greater as the total revenue from the tax decreases. D. the amount the taxpayer would have to be given to be just as well off in the presence of the tax as in its absence.
If Mousey Mike tattles, what would Bratty Brad's best response be
a. Hit b. Not hit c. Run d. Hide