The ability to impose fines, revoke licenses, and put people into jail allows the government to:
A. Ensure positive profits for its agencies
B. Maximize revenues from its operations
C. Enforce involuntary transactions
D. Set market prices for goods and services
C. Enforce involuntary transactions
You might also like to view...
Refer to Figure 14-3. What is the equilibrium outcome in this game and is this a subgame-perfect equilibrium?
A) In the equilibrium, Odeon offers $40 per copy of the software package and is accepted but this is not a subgame-perfect equilibrium. B) There is no equilibrium in this game. C) Odeon's offer of $40 per copy of the software package is accepted and this is a subgame-perfect equilibrium. D) In the equilibrium, Odeon offers $30 per copy of the software package and is rejected, and this is a subgame-perfect equilibrium.
Which of the following is NOT true about the national income identity given by the equation:
A) If CA is positive, national saving finances the purchase of our goods by foreign users. B) If CA is negative, our investment exceeds our national savings. C) A negative CA may imply that foreigners have confidence in the U.S. economy. D) If CA is negative and large, a country risks foreigners owning a large piece of its assets. E) None of the above.
If Dell and Toshiba computers are substitutes and the price of dell computers increases we would expect to see
a. An increase in demand for Toshiba computers b. An decrease in demand for Toshiba computers c. An increase in the quantity of Toshiba computers demanded d. An decrease in the quantity of Toshiba computers demanded
Corporate bonds differ from corporate stock in that
a. only bondholders vote on the board of directors b. only bondholders can sit on the board of directors c. bonds carry a stated rate of interest d. bonds are issued as common and preferred e. bondholders are considered the owners of the business