In recent decades, other countries have:
a. caught up to the U.S. in several important economic arenas
b. surpassed the U.S. in several important economic arenas
c. both of the above are true
c
Economics
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Competition among rent seekers results in
A) higher rents. B) firms earning normal profits. C) firms setting lower prices. D) lower costs. E) all competing firms earning an economic profit.
Economics
The largest source of revenue for funding schools in the average US city is
a. federal income taxes b. state income taxes c. city property taxes d. state and city sales taxes
Economics