If you get a job and are never required to join the union, this is known as a(n)
A. closed shop.
B. open shop.
C. agency shop.
D. union shop.
Answer: B
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The above figure shows the demand curve for movie rentals from Redbox. At which of the following prices does Redbox have the maximum total revenue?
A) $5.00 B) $3.50 C) $2.50 D) $0.00
As of 2009, most countries in the world live in autarky
Indicate whether the statement is true or false
House A has an ocean view and House B does not. In all other respects, the two houses are the same. The market price of house A is $2,800,000; the market price of house B is $2,600,000. The ocean view is therefore valued at
A) $200,000. B) $1,950,000. C) -$700,000. D) $2,700,000.
To help pay for the cost of sport related injuries, the government imposes a tax on sellers of all sports equipment. The deadweight loss created by this tax would be greater than shown in the figure above if
A) the demand were more elastic. B) the supply were more elastic. C) neither of the above. D) both A and B above.