Which of the following would be the best example of regulatory capture?
A)Starbucks buys up all the available supplies of coffee beans
B)Federal law makers write and pass legislation that protects domestic companies from foreign competition.
C)Executives from the Ford, General Motors, and Chrysler companies write the rules regulating automobile
D) Nike executives influence the rules for track and field events
C)Executives from the Ford, General Motors, and Chrysler companies write the rules regulating automobile
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If the marginal private cost of producing one kilowatt of power in California is ten cents and the marginal social cost of each kilowatt is fourteen cents, then the marginal external cost equals ________ per kilowatt
A) ten cents B) nineteen cents C) four cents D) zero cents E) fourteen cents
A deposit in a financial institution that requires notice of intent to withdraw is a
A) savings deposit. B) money market deposit account. C) time deposit. D) certificate of deposit.
When demand is perfectly inelastic the buyer pays _____ of a tax.
A. all B. most C. half D. less than half
As the accounting industry expands, the demand for certified public accountants (CPAs) also increases, which causes the salaries of CPAs to increase. This is an example of
A. diseconomies of scale. B. increasing marginal returns. C. economies of scale. D. constant returns to scale.