What is wearing a red hat?
a. A communist party registeration
b. Use the name of the state institution to cover the private enterprises
c. It is a collectively owned by villagers
d. It is that the economy of China has trouble providing for all the needs of the people
e. All of the above
B
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When the United States exports a good, U.S. consumer surplus ________ and U.S. total surplus ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
The U.S. economy faced negative inflation: a. after World War II
b. during the dotcom bubble. c. during the Great Depression of the 1930s. d. after the real estate bubble burst.
A subsidy is the same thing as a tax deduction
Indicate whether the statement is true or false
Suppose Cournot duopolist firms operate with each having a cost of 30qi (i = 1,2 ) so that each firm's marginal cost is 30. The inverse market demand curve is P = 120 - Q where Q = q1 + q2. Suppose there were no barriers to entry and firms continued to enter so long as there were positive economic profits. At the Nash-Cournot equilibrium, the price, P, is
A) 30. B) 45. C) 60. D) 90.