A new domestic industry with potential economies of scale is called a(n):
A) potential business entrant.
B) immature industry.
C) infant industry.
D) highly valued entrant.
Ans: C) infant industry.
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Under the Gramm-Leach-Bliley Act states retain regulatory authority over
A) bank holding companies. B) securities activities. C) insurance activities. D) bank subsidiaries engaged in securities underwriting.
The Federal Trade Commission
a. was abolished by the Celler-Kefauver Act b. was established when the Antitrust Division of the Justice Department was eliminated c. largely deals with telephone and utility regulation d. is a weak and ineffective government agency e. investigates unfair and deceptive trade practices
Economists make assumptions in order to
a. mimic the methodologies employed by other scientists. b. minimize the number of experiments that yield no useful data. c. minimize the likelihood that some aspect of the problem at hand is being overlooked. d. focus their thinking on the essence of the problem at hand.
Economic researchers have found:
A. no examples of countries with high rates of money growth and low inflation rates. B. many examples of countries with high rates of money growth and low inflation rates. C. many examples of countries with low rates of money growth and high inflation rates. D. no relationship between rates of money growth and inflation rates.