The effects of the national health care program on goods and services markets will
A) increase the marginal cost of the firm.
B) increase the quantity produced of the firm.
C) consumers will pay lower prices for many goods and services.
D) decrease the quantity demanded for all goods and services.
A
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Unless you accept his 'final offer' your negotiation opponent threatens to scrap the whole deal:
a. His threat is more believable if both parties would be harmed by scrapping the deal b. His threat is more believable if he has invested resources that lower his return to other options c. His threat is more believable if he puts his threat 'in writing' d. His threat is more believable if he has balked at this course of action in the past
Which of the following is not true? a. Voluntary exchange is expected to be advantageous to both parties to the exchange
b. What one trader gains from a trade, the other must lose. c. If one party to a potential voluntary trade decides it does not advance his interests, he can veto the potential trade. d. The expectation of gain motivates people to engage in trade.