Economics

The economic functions of government differ from the political functions of government in that A) ...

Started by imanialler

Managers in oligopoly firms must A) eliminate any barriers to entry if they hope to make ...

Started by Tazate

Because of scarcity, rationing is A) unimportant because people get what they want. B) necessary ...

Started by audie

The law of increasing additional costs is due to A) taxes. B) scarcity. C) the fact that it is ...

Started by lracut11

Kariuki decreases his consumption of grapes after his income goes up. For Kariuki A) grapes and ...

Started by rayancarla1

Which of the following are ways to ration goods and services? A) price B) physical force C) ...

Started by clippers!

The law of increasing opportunity cost implies that A) producing additional units of one good ...

Started by Redwolflake15

In order for the government to collect taxes, the government must first establish a(n) A) ad ...

Started by abern

The economic role of the legal system might best be described as A) promoting the productive ...

Started by jman1234

Country X has experienced GDP growth of 4 percent and a population growth of 5 percent. What is this ...

Started by future617RT

In building a model to analyze economic situations, one of the important assumptions is A) ...

Started by jerry coleman

When determining the production possibilities curve A) the trade-off between the goods in the ...

Started by Starlight

The highest measured rate of unemployment in the United States occurred during A) the post-WWII ...

Started by javeds

To set a tax rate at the appropriate level to maximize its tax revenues, a government must engage in ...

Started by sabina

If a firm is an oligopolist, which is NOT true? A) It must pay attention to other firms' prices. ...

Started by rachel9

Mary decreases her consumption of Good X after the price of Good Y decreased. For Mary A) Good X ...

Started by imanialler

Assumptions are necessary to A) make economics a social science. B) define a set of ...

Started by lak

Static tax analysis assumes A) all of the present tax rates will be in place for a minimum of ...

Started by nmorano1

The most common reason for the existence of oligopolies is A) ease of entry. B) economies of ...

Started by mckennatimberlake

Dynamic tax analysis assumes A) all of the present tax rates will be in place for a minimum of ...

Started by Haya94

Assuming there are 200 million people employed in the United States and 5 million people unemployed, ...

Started by BRWH

All of society's applied knowledge on how to produce goods and services is A) held by university ...

Started by formula1

Price floors are designed to A) establish a minimum allowable price. B) allow free market prices ...

Started by BRWH

Economists define technology as A) machines such as computers. B) entrepreneurship. C) absolute ...

Started by abarnes

Assuming that turkey, chicken, pork, and beef are substitutes, suppose that the price of turkey has ...

Started by leo leo