Which of the following would not be an example of a nonproductive activity creating social losses?
a. Accountants seeking methods of tax avoidance for their clients.
b. Lawyers engaged in litigation that would transfer money from one group to another.
c. Lawyers hired to assist two parties in writing a contract.
d. Lobbyists seeking laws that would transfer public lands to private parties without any payment.
c. Lawyers hired to assist two parties in writing a contract.
Economics
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The Civil Rights Act of 1964
a. was not relevant to unions b. required unions to adopt affirmative action policies c. protected union workers from rigged elections d. banned yellow-dog contracts e. created the National Labor Relations Board
Economics
What is the price elasticity of demand at any point on a perfectly inelastic demand curve?
Economics