Illegal trading to evade tax
What will be an ideal response?
Q drugs bought would depend on law penalties and how penalties are assigned to buyers and sellers
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Economic models cannot take the form of
A. equations. B. words. C. graphs. D. actual duplication of observed conditions.
Stephanie wants to buy a laptop . She has chosen a particular model. However, before ordering it online, she decided to read some of the user reviews provided in the Web site
She happened to overlook the negative feedback of some users and focused only on the positive ones. This is an examples of a(n) ________ bias. A) attenuation B) distinction C) attentional D) confirmation
Markets sometimes fail to allocate resources efficiently
a. True b. False Indicate whether the statement is true or false
Property rights allowing individuals to own goods, services, and factors of production are most important in:
a. capitalistic economies. b. socialistic economies. c. planned economies. d. command economies.