People:
A. always have access to complete information.
B. rarely have access to complete information.
C. never have access to complete information.
D. often have access to complete information.
B. rarely have access to complete information.
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What is structural unemployment?
What will be an ideal response?
The U.S. Constitution stipulates that when government uses its takings powers to acquire land for a project,
A) the government must own and operate the completed project. B) the government can resell the land to a private developer. C) the government must turn over the land to state or city governments. D) none of the above
Many Americans believe that taxes have been gobbling up an ever-increasing share of the U.S. economy. Is this observation correct? Explain.
What will be an ideal response?
When economic profit is positive,
A. the firm's owners experience a decrease in their wealth. B. total revenue exceeds total economic cost. C. the firm's owners have successfully solved the principle-agent problem. D. foreign companies experience loss of market share