When resources are not allocated efficiently, we have ______________.
Fill in the blank(s) with the appropriate word(s).
market failure
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Which of the following exchanges handles numerous technology companies including Intel and Microsoft?
a. NASDAQ b. NYSE c. AMEX d. None of the above handle technology stocks.
A decrease in income will shift the demand curve for an inferior good to the right
a. True b. False Indicate whether the statement is true or false
The ability to produce a good or service at a lower opportunity cost than other producers is
A. special advantage. B. opportunity advantage. C. absolute advantage. D. comparative advantage.
The two alternative ways of promoting better outcomes when a natural monopoly exists are:
A. Subsidy and taxation B. Public ownership and regulation C. Pricing and incorporation D. Breaking and merging