Which of the following is not one of the theories that have emerged as alternatives to the HO model?
A) The human skills theory.
B) The product life cycle theory.
C) The similarity of preferences theory.
D) All of the above have been suggested as alternatives to the HO model.
D
Economics
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Most lighthouses are operated by the government because
a. of the free-rider problem. b. lighthouses are no longer valued by society. c. most lighthouses are only tourist attractions in state and national parks. d. shipping companies would not be able to afford maintenance fees for lighthouses.
Economics
In order to determine tax incidence, one must
a. consider issues of equity. b. also determine the legal liability of the tax. c. evaluate where the tax burden eventually falls. d. use the "flypaper theory" of taxation.
Economics