The mobility of _____ means that in the _____ it can be used for consumption, thus the burden of most corporate income taxes will be borne by the customers of a firm
a. labor; long run
b. labor; short run
c. capital; long run
d. capital; short run
c
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From the apartment landlord's perspective, what might be a substitute use of his rental property?
A) A parking lot B) An office complex C) A condominium D) Any of the above. E) Definitely none of the above.
Dumping is the practice of
a. selling a lower quality product abroad b. selling a commodity abroad at a price lower than the domestic price c. selling a commodity abroad at a price higher than the domestic price d. flooding a foreign market with large quantities of a good e. most less-developed countries but not industrialized countries
Games:
A. will always have several stable outcomes. B. are always zero sum. C. will always have a dominant strategy. D. None of the above are true.
A friend wants to learn how a nation's unemployment rate is calculated and how it changes over time. He asks you which economics course to take and you advise him to enroll in
A) macroeconomics. B) microeconomics. C) either micro- or macroeconomics. They both concentrate equally on those issues. D) political science because economics doesn't address those topics in its courses.