Eminent domain _____
a. is when government forces holdouts to sell
b. can be used by special interest for public gain
c. is the only way to solve the holdout problem
d. a and b
e. b and c
d
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Henry Bessemer is most recognized for
a. the invention of air brakes for trains. b. his role as an early union leader. c. invention of a steel manufacturing process. d. the development of refrigerated train cars.
The "secondary credit" of the discount rate is usually lower than the "primary credit," because it is intended for banks in good financial condition
a. True b. False Indicate whether the statement is true or false
Luxury brands like designer sun glasses are goods that may exhibit snob effects. Suppose this is true, and the price for a particular brand increases. What happens to the component changes in the quantity demanded?
A. Pure price effect is positive, snob effect is negative. B. Pure price effect and snob effect are positive. C. Pure price effect is negative, snob effect is positive. D. Pure price effect and snob effect are negative.
In this graph of a firm’s supply and demand for labor, at what point are profits of labor maximized?
a. before MRP reaches W*
b before q* reaches W*
c. when there are q* workers
d. when quantity is highest