Among the rationales for state owned enterprises is
(a) existence of monopoly.
(b) the need for capital formation.
(c) desirability of national control over strategic sectors of the economy.
(d) all of the above.
(e) none of the above.
D
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If a rise in the price of good 1 decreases the quantity of good 2 demanded
A) the cross elasticity of demand is negative. B) the cross elasticity of demand is positive. C) good 1 is an inferior good. D) good 2 is an inferior good.
Refer to the above figure. Suppose the marginal benefit and the marginal cost curves of pollution abatement are normally shaped. Technological change that made it easier to produce in a "cleaner" fashion would cause
A) curve (4 ) to shift out, increasing the optimal amount of pollution abatement. B) curve (3 ) to shift up, raising the marginal benefits and costs and reducing the amount of pollution abatement. C) curve (2 ) to shift out, increasing the optimal amount of pollution abatement. D) curve (1 ) to shift out, increasing the optimal amount of pollution abatement.
The higher the opportunity cost of borrowing, the higher the amount of investment, other things constant
a. True b. False Indicate whether the statement is true or false
If a perfectly competitive firm were to raise its price above the market price, it would
A. sell slightly less than at the market price. B. sell significantly less than at the market price. C. sell slightly more than at the market price. D. sell nothing.