The collection of laws, regulatory measures, and actions concerning a particular topic that originate with some body of government is called
A) fiscal policy.
B) public policy.
C) private policy.
D) antitrust policy.
B
You might also like to view...
If the liquidity effect is smaller than the other effects, and the adjustment to expected inflation is immediate, then the
A) interest rate will fall. B) interest rate will rise. C) interest rate will fall immediately below the initial level when the money supply grows. D) interest rate will rise immediately above the initial level when the money supply grows.
All firms operating in a perfectly competitive market produce unique goods
a. True b. False Indicate whether the statement is true or false
Refer to Figure 7-16. Producer surplus amounts to $300 if the price of the good is
a. $300
b. $350
c. $400
d. $450
You purchase both potatoes and gasoline regularly. Your income increases and you purchase more gasoline and less potatoes. This implies that
A. gasoline has a negative substitution effect. B. gasoline is a normal good. C. gasoline is an inferior good. D. potatoes are normal goods.