Pollution problems generally represent
A) cases of good versus evil.
B) cases of villain versus victim.
C) morally neutral disagreements over competing uses of a scarce resource.
D) Both a and b are correct.
C
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The share of corporate tax in total federal revenues
A) has declined over the past few decades to a relatively low level. B) is larger than the other components of federal revenue. C) has grown significantly in each of the past 10 years. D) is the smallest of all the components of federal tax revenue.
Economies of scale may be a barrier to entry in a situation in which
A) only small-scale production can lower the per-unit cost of production. B) only small-scale production can meet the constantly changing market demand. C) only large-scale production can lower the per-unit cost of production. D) large-scale production is inefficient.
In a monopolistically competitive market,
a. there are only a few sellers. b. each firm takes the price of its product as given. c. firms can enter or exit the market without restrictions. d. each firm produces a product that is essentially identical to the products of other firms in the market.
Answer the following statement(s) true (T) or false (F)
According to new growth? theory, more technological advances will occur when the rewards are greater.