In the real world, countries use a mixture of the three basic types of economic systems
a. True
b. False
Indicate whether the statement is true or false
True
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It is not surprising to see a rather __________ volume of mergers and acquisitions in Germany given how its __________ conflicts are resolved
A) high; shareholder-lender B) high; manager-stockholder C) low; shareholder-lender D) low; manager-stockholder
A subsidy to firms intended to reduce pollution in an industry would
A. shift the LRAC curve upward. B. have the same impact on the firm as a tax. C. likely drive some existing firms from the industry. D. likely have the paradoxical effect of increasing pollution in the industry in the long run.
By providing free garbage removal, a community
a. discourages activities that produce detrimental externalities. b. encourages citizens to recycle items rather than throw them out. c. leads citizens to throw out more garbage than is socially optimal. d. None of the above is correct.
A tax reduction shifts the consumption schedule downward.
Answer the following statement true (T) or false (F)