Firms that set prices equal to marginal costs will usually recover all of their R&D costs.
Answer the following statement true (T) or false (F)
False
Economics
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An optimal tax is one that minimizes the
a. external benefit. b. total deadweight loss from the tax. c. income taxes. d. horizontal equity.
Economics
Which of the following will most likely occur under a system of clearly defined and enforced private property rights?
What will be an ideal response?
Economics
Financial intermediaries, such as commercial banks, provide benefits to:
A. borrowers only. B. savers only. C. the government only. D. both savers and borrowers.
Economics
Which of the following uses of tax revenues collected by the government leads to increased capital deepening?
A. building roads B. increased foreign aid C. Medicare payments D. Social Security payments
Economics