Senior managers of a corporation can be regarded as the corporation's entrepreneurs
Indicate whether the statement is true or false
F
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New England Company plans to build a power plant on the Charles River. By using river water to cool its plant, the river's water temperature will rise enough that trout will no longer survive, much to the dismay of local fishers. The loss of value to the fishers is estimated as $100,000. The transactions costs of a side payment from either side to the other are prohibitive of any agreement. Therefore, if the property right to the water is worth
a. more than $100,000 to New England Company, who gets the right would not matter. b. more than $100,000 to New England Company, efficiency dictates giving the right to the fishers. c. more that $100,000 to New England Company, efficiency dictates giving the right to New England Company. d. less than $100,000 to New England Company, efficiency dictates giving the right to New England Company.
The United Auto Worker (UAW) would best be classified as
A) a craft union. B) an industrial union. C) a guild. D) closed shop union. E) none of the above.
Refer to the figure above. The producer surplus before the imposition of the tax is given by the area ________
A) GHF B) GAE C) JBHF D) JBC
According to Tobin's q theory, ________ policy can affect ________ spending through its effect on the prices of common stock
A) fiscal; consumption B) fiscal; investment C) monetary; consumption D) monetary; investment