Government intervention
a. provides incentives to conduct business in an illegal black market
b. plays no role in generating wealth
c. is the best way to eliminate poverty
d. does not enforce property rights
a
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The payoff matrix below shows the daily profit for two firms, Row Restaurant and Column Cafe, for two different strategies, publishing coupons in the student paper and not publishing coupons in the student paper. 
If Row Restaurant publishes coupons, Column Cafe would earn the highest profit if it:
A. only offered coupons half of the time. B. also published coupons. C. did not publish coupons. D. chooses either strategy because Column Cafe will have the same profit in either case.
The value of the consumer price index increased from 140 to 147 during 2006 . Nathan opened a bank account at the beginning of 2006, and at the end of 2006 his account balance was $12,840 . The purchasing power of Nathan's account increased by 2 percent during the year. We can conclude that Nathan opened his account with a deposit of $11,500 at the beginning of 2006
a. True b. False Indicate whether the statement is true or false
Refer to the figure above. Over the $5-$6 range, the elasticity of demand using the midpoint formula is:
A. 0.22. B. 1.00. C. 0.88. D. 1.16.
As a percentage of total federal revenues the corporate income tax has _____
a. increased since 1960 b. declined since 1960 c. fallen during the 1980s, but risen since 1992 d. remained fairly constant since 1960