Which of the following are ways to ration goods and services?
A. price
B. political power
C. physical force
D. All of these are correct.
Answer: D
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Peak-load pricing is often referred to as full cost pricing
Indicate whether the statement is true or false
Monoploy
What will be an ideal response?
________________ is the analysis of how the burden of a tax is divided between consumers and producers:
a. Resale incidence. b. Price incidence. c. Cost incidence. d. Tax incidence.
Which of the following people—none of whom has any financial or housing wealth—is most likely to be spending all of their current income?
A) a low income person expecting continued low income throughout life B) a low income person expecting a dramatic rise in income in the future C) a high income person expecting continued high income throughout life D) a high income person expecting a dramatic drop in income in the future E) a high income person expecting to retire soon, and live for a long time afterward