The strategy of faculty choosing to stay with an old edition of a book is
A. in the best interests of publishers.
B. likely to reduce the costs to students.
C. likely to be replicated by everyone.
D. in the best interests of authors.
Answer: B
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A contractionary monetary policy is likely to lead to ________
A) lower real interest rates B) lower real wages C) a lower demand for labor D) a lower supply of labor
In the figure above, originally the apartment rental market is in short-run and long-run equilibrium with a rent of $600 per month. Then the government imposes a rent ceiling of $500 per month, which causes a shortage
Suppose that apartments are a normal good and incomes rise. The increase in income A) decreases the shortage. B) has no effect on the shortage. C) increases the shortage. D) raises the rent.
If a person is taxed $100 on an income of $1,000 . taxed $200 on an income of $2,000 . and taxed $300 on an income of $3,000 . this person is paying a(n):
a. progressive tax. b. poll tax. c. regressive tax. d. excise tax. e. proportional tax.
If you buy a commemorative Princess Diana stamp issued by the British government, the purchase is considered part of
a. C b. I c. G d. X e. M