A pizza is
a. excludable and rival in consumption.
b. excludable and nonrival in consumption.
c. nonexcludable and rival in consumption.
d. nonexcludable and nonrival in consumption.
a
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Which of the following is an example of an actual cartel?
a. the three largest cereal producers in the United States b. General Motors, Ford, and Chrysler c. the Organization of Petroleum Exporting Countries (OPEC) d. the three major U.S. cigarette manufacturers e. U.S. television networks -- ABC, NBC, CBS, and Fox
Suppose a carpenter builds a bookcase for an attorney in exchange for legal services. This transaction is
a. a means of tax avoidance b. likely to be taxed c. not part of the economy's total production d. a means of tax evasion e. likely to result in double taxation