(Consider This) At fast-food restaurants:
A. consumers enjoy complete and accurate information.
B. decisions are usually made by trial and error.
C. decisions entail comparisons of marginal costs and marginal benefits.
D. benefits always exceed costs.
Answer: C
Economics
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Refer to the scenario above. Recently, the government has imposed a tariff on the import of some cash crops. Which of the following is likely to happen in this case?
A) The domestic consumers of these crops will be better off. B) The government's revenue is expected to fall. C) The volume of imports is likely to increase. D) The domestic producers of these crops will be better off.
Economics
How did the United States become a net debtor in the 1980s? Is our foreign debt a significant problem? Explain
What will be an ideal response?
Economics