The corporation, as a form of business organization, fueled the positive trend toward federal regulation of business activities for all of the following reasons except
(a) Corporations were rapidly becoming more numerous than sole proprietorships and partnerships.
(b) Corporations made possible or encouraged growth in the number of giant enterprises.
(c) Corporations were adept at market manipulations, including price-fixing.
(d) Corporations were able to take advantage of economies of scale which made possible business organizations whose affairs overlapped local or state jurisdictions, creating the need for federal control across state lines.
(a)
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A group of firms are selling undifferentiated products if
A) consumers perceive the products identical between the firms. B) production costs are the same for all firms. C) the firms are selling goods that are identical, though consumers view them as different. D) the firms are part of a single cartel.
If M increases faster than V decreases: a. nominal GDP increases
b. nominal GDP decreases. c. nominal GDP stays the same. d. there is an indeterminate effect on nominal GDP.
Technological change, such as the information technology revolution of the 1990s can shift the aggregate supply curve outward. If, at the same time, the government is decreasing spending, the most likely outcome of these two factors is a(n)
a. increase in the price level. b. decrease in the price level. c. increase in real GDP. d. decrease in real GDP.
Headline inflation:
A. is inflation measured using the retail price index. B. measures price changes with food and energy costs taken out of the basket. C. is inflation measured using the producer price index. D. measures the changes in prices for the entire market basket of the average urban consumer.