Careful studies of the data indicate that deviations from interest parity are
A) large.
B) non-existent.
C) small.
D) constant over time.
C
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The figure above shows the market for annual influenza immunizations the United States. Area B is the
A) gain in efficiency from the illustrated subsidy. B) remaining deadweight loss when there is the illustrated subsidy. C) deadweight loss when there is not the illustrated subsidy. D) equilibrium with the illustrated subsidy. E) loss in efficiency from the illustrated subsidy.
The return to the entrepreneur for organizing, producing, and risk-taking in the operation of the business is
a. rent. b. equal to total revenue. c. equal to total cost. d. total profit.
The market labor-supply curve has all of the following properties except it:
A. is always upward sloping. B. reflects people's willingness to work more when wages are higher. C. shows the relationship between the price of labor and the quantity supplied. D. shifts with changes in the opportunity cost for work
For certain intangibles that cannot be measured, it is best to
A. guess. B. exclude them from cost benefit analysis, and then calculate how large they must be to reverse the decision. C. reevaluate using the Hicks-Kaldor criterion. D. leave it to the private sector to decide on value.