Microeconomics

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The level of transactions costs is relevant to the resolution of property rights problems. a. ... Started by ericka1	1 Replies 41 Views	Jul 1, 2018 by bulacsom
The above figure shows the market for apples. If a consumer group convinces the government to set a ... Started by mydiamond	3 Replies 19 Views	Jul 1, 2018 by IAPPLET
When transactions costs are low, private actions to correct externalities are usually feasible. ... Started by jhjkgdfhk	1 Replies 27 Views	Jul 1, 2018 by FergA
The corporate income tax can be understood fully without reference to other elements of the federal ... Started by RODY.ELKHALIL	1 Replies 28 Views	Jul 1, 2018 by Silverbeard98
Assume that the government can reduce car pollution using either a corrective tax or a regulatory ... Started by fagboi	1 Replies 73 Views	Jul 1, 2018 by makaylafy
When the price of beef rises, consumers switch consumption to substitutes such as chicken and fish, ... Started by jhjkgdfhk	1 Replies 42 Views	Jul 1, 2018 by raili21
The concept of depreciation while widely employed, has little economic basis. a. True b. ... Started by jwb375	1 Replies 26 Views	Jul 1, 2018 by scikid
Assume a country agrees to a free-trade act with another country. In the process, some individuals ... Started by pepyto	1 Replies 32 Views	Jul 1, 2018 by meganmoser117
Strictly speaking, corporations do not pay taxes. a. True b. ... Started by MirandaLo	1 Replies 22 Views	Jul 1, 2018 by leahchrapun
Monopolization of either the labor market or the output market results in A) higher wages than ... Started by ARLKQ	3 Replies 31 Views	Jul 1, 2018 by frre432
A person who is risk-neutral will A) pay a small risk premium when making a choice. B) pick a ... Started by tichca	1 Replies 63 Views	Jul 1, 2018 by asdfasdf
An excess benefit from corrective taxation arises because the tax revenues can be spent on ... Started by urbanoutfitters	1 Replies 89 Views	Jul 1, 2018 by jxjsniuniu
Someone who is risk-preferring has A) diminishing marginal utility of wealth. B) constant ... Started by luvbio	1 Replies 26 Views	Jul 1, 2018 by Kaytorgator
Price floors and price ceilings A) always reduce total surplus. B) reduce consumer surplus and ... Started by altibaby	1 Replies 49 Views	Jul 1, 2018 by macybarnes
If the government places a 1.20 tax on each pizza sold A) consumers will have to pay 1.20 more ... Started by Starlight	1 Replies 30 Views	Jul 1, 2018 by 234sdffa
The U.S. tax system currently levies taxes on unrealized capital gains. a. True b. ... Started by brutforce	1 Replies 21 Views	Jul 1, 2018 by wshriver
Show that the slope of the market demand curve is the summation of the slopes of individuals' demand ... Started by bio_gurl	1 Replies 32 Views	Jul 1, 2018 by debra928
If the government places a 1500 tax on each hybrid car sold A) consumers will stop buying hybrid ... Started by Sufayan.ah	3 Replies 44 Views	Jul 1, 2018 by T4T
Capital gains taxation can be justified on equity grounds, but not efficiency grounds. a. True b. ... Started by drink	1 Replies 46 Views	Jul 1, 2018 by heinisk01
If a firm triples inputs and produces three times the output, then there are A) constant returns ... Started by ericka1	1 Replies 50 Views	Jul 1, 2018 by tjayeee
If the government institutes a specific tax for a good A) the producer simply passes the entire ... Started by leo leo	1 Replies 26 Views	Jul 1, 2018 by Dunkey
A regional airport decides to extend a runway, increasing the amount of noise pollution on nearby ... Started by Brittanyd9008	1 Replies 27 Views	Jul 1, 2018 by l.stuut
Decreasing returns to scale may occur because increasing the amount of inputs used A) increases ... Started by Jkov05	1 Replies 55 Views	Jul 1, 2018 by bassamabas
There are no arguments in favor of inheritance taxation on efficiency grounds, only on equity ... Started by Awilson837	1 Replies 34 Views	Jul 1, 2018 by honnalora
If the government institutes a specific tax for a good that has a perfectly elastic demand curve ... Started by jCorn1234	1 Replies 23 Views	Jul 1, 2018 by aloop