When a new Walmart comes to a city, ________ percent of sales at the Walmart would not have occurred in the city.
A. five to ten
B. twenty to thirty
C. one to two
D. forty to fifty
Answer: B
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A positive externality exists when
A. a person's or group's actions cause a benefit that is felt by others. B. a person's or group's actions cause a cost that is felt by others. C. market output is less than socially optimal output. D. a and c E. b and c
Total profit equals
a. TR ? TC. b. average profit times total output. c. total sales revenue minus total cost. d. All of the above are correct.
Rent seeking is the actions of
A) individuals and groups who spend resources to influence public policy in the hope of redistributing income to themselves from others. B) a subset of the population that hold intense preferences for a particular government service. C) some citizens who choose not to acquire information because the costs of acquiring the information are greater than the benefits. D) politicians who exchange votes to gain support for their own legislation.
Based on the graph for saving incentives, a tax law change encouraging saving would shift the ______.
a. loanable funds supply curve to the left
b. loanable funds supply curve to the right
c. loanable funds demand curve to the left
d. loanable funds demand curve to the right