Since capital is relatively scarce in India, the economically efficient method of producing food would probably:
A. be land intensive.
B. not be labor intensive.
C. be capital intensive.
D. not be capital intensive.
Answer: D
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Research suggests that mandatory seat belt laws
A) reduce the number of automobile accidents. B) cause drivers to drive more cautiously. C) actually create more automobile accidents. D) have had no impact on the behavior of drivers.
A single-price monopoly faces a linear demand curve. If the marginal revenue for the second unit is $20, then the marginal revenue for the
A) first unit is less than $20. B) third unit is less than $20. C) third unit is more than $20. D) third unit is also $20. E) more information is needed to determine if the marginal revenue for the third unit is more than, less than, or equal to $20.
A hypothetical bank accepts cash deposits from all its clients. The bank promises that all the funds deposited with it are absolutely secure and available to the depositors whenever they need them. In the given scenario, which of the following is true? a. The bank holds 100 percent reserves with itself. b. The bank holds 50 percent reserves with itself. c. The bank makes loans at steep
interest rates. d. The bank invests only in securities.
Suppose the demand curve and the supply curve in a market are both linear. If a $2 tax per unit results in a deadweight loss of $200, how large would be the deadweight loss from a $3 tax per unit?