Smith Barney, Charles Schwab, and Merrill Lynch are all primarily:
A. investment banks.
B. mutual fund companies.
C. insurance companies.
D. securities firms.
D. securities firms.
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________________, which produced ______________, is commonly cited as the first American factory
a. The Oliver Evans Mill; flour b. The Almy, Slater, Brown Mill; yarn and thread c. The Boston Manufacturing Company; cotton d. The Whitney Armaments Firm; guns
Return to the market for cigarettes from the previous questions. Suppose the government implements the tax you found in the previous question. But suppose the government is making a mistake. The true demand curve is in fact , and this is not a result of any behavioral bias. Compute the deadweight loss of the government's tax policy
a. DWL = 0. b. DWL = 500. c. DWL = 1,000 d. DWL = 2,500.