The logic of the double-dividend hypothesis may not hold because the Pigouvian tax exacerbates pre-existing distortions in the labor market.
A. True
B. False
C. Uncertain
A. True
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Why does adverse selection occur in the health insurance market?
What will be an ideal response?
Because all of his friends stopped exclusively wearing black clothes, Doug wears anything but black clothes. This is known as
A) a negative sum game. B) collusion. C) positive market feedback. D) negative market feedback.
The basis for designing an effective export strategy most likely begins with ________.
A) identifying and developing the firm's core competencies B) hiring local personnel in target markets to build the business C) enlisting the support of an export management company D) simultaneously targeting a large number of foreign markets
According to behavioral economists, people's preferences toward a particular outcome:
A. depend heavily on the contextual information that defines whether that outcome is a gain or a loss. B. are context independent because the same state of being is created regardless of one's previous circumstances. C. differ across people but are fixed for any given individual. D. depend primarily on genetics rather than environmental or contextual forces.