Which of the following lowers the current price of an nonrenewable natural resource?
A) an increase in the interest rate
B) a decrease in the stock of the resource
C) an increase in the marginal revenue product of the resource
D) an increase in the price of a substitute resource
A
Economics
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The Sherman Antitrust Act prohibits executives of competing companies from
a. fixing prices, but it does not prohibit them from talking about fixing prices. b. even talking about fixing prices. c. sharing with one another their knowledge of game theory. d. failing to stand by agreements that they had made with one another.
Economics
A tax has an excess burden whenever
A. people are unable to alter their behavior to avoid paying it. B. government seeks to raise it. C. it raises a great deal of revenue. D. it induces people to change their behavior.
Economics