According to Charles Murray, the incentive to go on public assistance has
A. increased due to changes in the law.
B. decreased due to changes in the law.
C. increased due to economic conditions.
D. decreased due to economic conditions.
A. increased due to changes in the law.
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compared to simple pricingCompared to a perfectly competitive market, a monopolist will produce _____ and charge a _____ price.
a. less; higher b. less; lower c. more; higher d. more; lower
A public franchise is
A) an exclusive right granted to a firm to supply a good or service. B) a government issued license required to practice a profession. C) an exclusive right granted to an inventor of a product. D) a unique source of raw materials.
John Rawls' argument for maximizing the well-being of those who are least well off in society recognizes _____
a. that everyone is the same b. that the disincentives toward earning income inherent in redistribution c. that social welfare is maximized when income is equalized d. a and c
Assume Dell and Toshiba computers are substitutes in consumption; if the price of dell computers increases we would expect to see
a. An increase in demand for Toshiba computers b. An decrease in demand for Toshiba computers c. An increase in the quantity of Toshiba computers demanded d. An decrease in the quantity of Toshiba computers demanded