If prices are held above the equilibrium price:
A) social surplus is maximized.
B) all firms incur losses.
C) there exists a surplus in the market.
D) there exists a shortage in the market.
C
Economics
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The profitability of an investment project will increase if
a. tax rates increase. b. real interest rates increase. c. real interest rates decrease. d. business tax deductions decrease.
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"Offshoring" refers to:
A. importing goods, services, and resources. B. stashing money in offshore accounts for the purpose of avoiding taxes. C. shifting work overseas that was previously done domestically. D. exporting key resources.
Economics