Which of the following is the best example of a monopoly in the United States?
a. the U.S. Postal Service.
b. the aluminum industry.
c. a government-regulated public utility.
d. the automobile industry.
c. a government-regulated public utility.
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The significance of the corporate income tax as a percentage of federal revenues has _____
a. declined since 1960 b. declined since 1983 c. remained constant since 1960 d. increased until 1960 and fallen since then
If you believe the economy is self-regulating, you are more likely to be a(an) __________ than a(an) __________
A) nonactivist; activist B) Keynesian; monetarist C) activist; nonactivist D) advocate of fiscal policy; advocate of monetary policy E) b and d
Market power creates a flawed response to an accurate price signal.
Answer the following statement true (T) or false (F)
Currently, the national debt is approximately:
A. 10 percent of GDP. B. 60 percent of GDP. C. 105 percent of GDP. D. 120 percent of GDP.