Public policy can help achieve more efficient use of an economy's resources by eliminating all monopolies
a. True
b. False
B
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According to The Silent Language written by E. T. Hall, there are three anthropological models of time. Which of the following is not one of them?
a. Procedural-traditional b. Linear-separable c. Circular-traditional d. Spatial-sequential
Some people prefer more risky projects than less risky projects. But some people prefer less risky projects to those that are more risky. What explains this behavior?
What will be an ideal response?
The present discounted value of $60,000 to be received at the end of three years when the interest rate is 10 percent is closest to
A. $79,860. B. $49,587. C. $45,079. D. $60,000.
With respect to private goods, a Pareto optimal system is one in which ________ that make(s) some societal members better off without making others worse off have (has) been exhausted.
A. at least one trade B. all profitable trades C. all possible trades D. no trades