If a good is inferior in an economic sense, income elasticity will:
a. be less than one.
b. exceed one.
c. be zero.
d. be inelastic.
e. be negative.
e
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Refer to the scenario above. Which of the following will happen in this case?
A) Neither of them will make any money. B) Only Elly will make money. C) Elly will trust, but her employee will defect. D) Elly will trust, and her employee will cooperate.
Much of the responsibility for implementing and enforcing equal employment opportunity has been taken over by individuals and the courts
Indicate whether the statement is true or false
Subsidies for those required to purchase health insurance under the personal mandate provision of the PPACA are:
A. limited to those whose income is less than 133 percent of the federal poverty line. B. limited to those whose income is at or below the federal poverty line. C. provided to some individuals in the upper half of the income distribution. D. a fixed amount per person for those eligible to receive the subsidies.
Which of the following is not true of Lindahl prices for collective consumption goods?
a. Lindahl pricing might be useful in achieving political agreement on the proper amount of the public good to be produced. b. Lindahl prices are set so the marginal benefit they receive from the public good is equal to the marginal cost. c. Lindahl prices are difficult to calculate in practice. d. Lindahl prices are necessary for economic efficiency.