When the marginal revenue curve cuts the horizontal axis,
A) demand is relatively elastic.
B) demand is relatively inelastic.
C) demand is perfectly elastic.
D) demand is unitary elastic.
D
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The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 authorized investors to bring lawsuits against credit-rating agencies for a reckless failure to get the facts when providing a credit rating
This is an example of which remedy of conflicts of interest? A) regulate for transparency B) supervisory oversight C) leave it to the market D) socialization of information production
An argument against increasing centralization in elementary and secondary education is _____
a. that it is anti-egalitarian b. that there are fewer administrators to oversee extracurricular programs c. that it results in less direct accountability to students and parents d. that socialization is a problem in large school districts
Inflation can be defined as
A. an overall decline in average prices. B. the situation that exists when exports exceed imports. C. an overall increase in average prices. D. an increase in most prices.
If the 4 largest cell service providers sales make up 56% of total sales in the entire industry, then the industry is considered to be
A. an oligopoly. B. perfectly competitive. C. monopolistically competitive. D. a monopoly.