When a government taxes the sale of beer, cooperative surplus ________ and society gets ________
A) increases; richer
B) increases; poorer
C) decreases; richer
D) decreases; poorer
D
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There are substantial racial differences in college attendance, within income classes
Indicate whether the statement is true or false
Which of the following is not a reason for the existence of imperfect competition in health care markets?
a. easy entry into industry b. restrictions on advertising c. economies of scale d. collusion
In developing countries, the government's revenues are:
A. no more limited than in developed economies. B. limited because even though the government can readily collect taxes, the tax base is too small. C. limited because of the small tax base and the government's inability to collect taxes. D. limited because the tax base is too large and the government lacks the institutional ability to collect taxes.
If a competitive firm can sell its product at $1,600 per unit and the marginal cost of the firm is MC = 1,100 + 2Q, then the firm will produce
A. 1,084 units. B. 160 units. C. 1,100 units. D. 250 units.