In 2004, an example of cashless society is
A) U.S.S. Harry S. Truman.
B) United States.
C) Japan.
D) U.S. Universities.
A
Economics
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Suppose that a tax of $2 per unit of output is imposed on red rubber ball producers. What level of output maximizes profit?
A) -1 B) 3 C) 4.5 D) 5 E) B, C, and D are correct.
Economics
We cannot predict the effect on the equilibrium quantity, but know that the market clearing price will increase when
A) supply decreases and at the same time demand increases. B) supply increases and demand increases simultaneously. C) supply and demand decreases simultaneously. D) supply and demand increases simultaneously.
Economics