In the first years of a professional athlete's career, the athlete is "under reserve," which means that he or she cannot negotiate with other teams. This creates a de facto

A) monopolist.
B) monopsony.
C) duopoly.
D) bilateral monopoly.

B

Economics

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What is the per capita income of Genovia if its gross domestic product is $4,000,000 and total population is 20,000?

A) $120 B) $200 C) $400 D) $100

Economics

The above figure shows the market for anti-freeze. The government imposes the sales tax shown in the figure on sellers. The sales tax on anti-freeze decreases the quantity of anti-freeze that automobile owners purchase by

A) 0 gallons. B) 1000 gallons. C) 2000 gallons. D) 3000 gallons.

Economics