People who "sell short" are selling goods
A) at below-market prices.
B) of poor quality.
C) to purchasers who cannot afford to pay for them.
D) they do not yet own.
E) with the expectation of buying them back again.
D
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Monopolization of the labor market restricts output because
A) fewer workers offer their services. B) the higher wage raises the firm's marginal cost. C) monopolized workers are less productive. D) a monopolized labor market means there is also a monopolized output market.
In an exchange economy A's utility is given by UA = x + y and B's by UB = min[x, 2y]. The initial endowment for A is x = 10, y = 8 and for B, x = 8, y = 4 . To reach the contact curve, these individuals must:
a. trade 1x for 1y. b. trade 2x for 1y. c. trade 1x for 2y. d. do nothing, since they are already on the contract curve.
Firms are highly likely to voluntarily engage in an efficient level of pollution abatement.
Answer the following statement true (T) or false (F)
Real federal spending on Health Care functions has
A. decreased markedly with small increases in early-1980s. B. bounced around with no apparent pattern. C. remained constant since 1960. D. risen constantly since 1960.