Antidumping duties cannot be levied when the harm to domestic industries is very small
Indicate whether the statement is true or false
TRUE
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If Ben becomes less likely to buy smoke detectors after he has fire insurance, he is illustrating
A) moral hazard. B) adverse selection. C) the lemon problem. D) the free rider problem.
When faced with an economic loss, a competitive firm will exit the industry in the long run
a. True b. False Indicate whether the statement is true or false
Which one of the following statements is true?
a. Money flows from households to firms for resources. b. Money flows from households to foreign economies for exports. c. Money flows from government to firms for resources. d. Money flows from foreign economies to firms for imports. e. Money flows from firms to households for resources.
Refer to the above supply and demand graph. Point A represents the current equilibrium level of output of this product and point B represents the optimal level of output from society's perspective. If government decides to correct this spillover problem by subsidizing producers, then the:
A. demand curve will shift from D2 to D1. B. supply curve will shift from S1 to S2. C. supply curve will shift from S2 to S1. D. demand curve will shift from D1 to D2.