Which type of business is the most difficult to set up?
A) corporation
B) sole proprietorship
C) partnership
D) There is no difference in the difficulty of establishment.
A
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If real GDP per person in a country equals $20,000 and 40 percent of the population is employed, then average labor productivity equals:
A. $8,000. B. $20,000. C. $50,000. D. $40,000.
For a monopolist, P < MR at all quantities
a. True b. False
If the income elasticity of demand for a good equals to 2.56, a 10 percent increase in consumer income will result in a 2.56 percent increase in the quantity demanded of the good
a. True b. False Indicate whether the statement is true or false
An emissions fee equal to the optimal Pigouvian tax on coal has the effect of _____________ the externality associated with the burning of coal, while ensuring that the marginal benefit of pollution _________ the marginal cost of pollution.
a. worsening, equals b. lessening, is greater than c. internalizing, is less than d. internalizing, equals