Which U.S. President was in office for most of World War II?
a. Herbert Hoover
b. Abraham Lincoln
c. Franklin D. Roosevelt
d. Lyndon Johnson
e. Dwight Eisenhower
c. Franklin D. Roosevelt
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Litigation costs include all of the following expect which one?
A) bad publicity B) filing fees C) marketing fees D) legal fees
According to the Coase Theorem, individuals can always work out a mutually beneficial agreement to solve the problems of externalities even when high transaction costs are involved
a. True b. False Indicate whether the statement is true or false
Voluntary trade promotes economic progress because it
a. moves goods, services and resources from people who value them more to individuals who value them less. a. moves goods, services and resources from people who value them more to individuals who value them less. b. encourages individuals to become self-sufficient. c. makes larger outputs possible as a result of specialization. d. benefits buyers at the expense of sellers.
When high-school and college graduates apply for jobs in the labor markets,
A. Job applicants are the "buyers" while employers are the "sellers". B. Job applicants are the "sellers" while employers are the "buyers". C. Job applicants and employers are both "sellers". D. Job applicants and employers are both "buyers".