Eminent domain can help eliminate the holdout problem
Indicate whether the statement is true or false
TRUE
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What group tends to benefit from the sugar price supports?
A. Manufacturers of products that use sugar B. Individual consumers of sugar C. Producers of other agricultural products D. Producers of sugar E. All of these responses are correct.
Relative to the demand curve for low-skilled workers, the demand curve for high-skilled workers lies
A) to the right. B) to the left. C) below. D) in the same place.
Now that Social Security payments are indexed the:
A. nominal value is adjusted to maintain a constant real value. B. payments are adjusted so retirees can buy more with their payments over time. C. payments are not adjusted enough, so retirees can buy less with their payments over time. D. real value is adjusted to maintain a constant nominal value.
Answer the following statement(s) true (T) or false (F)
1. Firms have an incentive to practice planned obsolescence, because it increases their volume of sales and gives them higher profits. 2. Artists as a whole would be better off if they received royalty payments each time their work was resold. 3. If an annual tax of $560 per acre is levied on land, then land values will fall by $560 per acre. 4. If water can be bottled at zero marginal cost, and if water prices are growing slower than the rate of interest, then owners would benefit by increasing their current bottling operations. 5. The market interest rate equals the absolute slope of the representative agent's indifference curve at the endowment point, minus 1.