Public utilities are either government-owned or government-regulated firms
a. True
b. False
A
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Commonwealth Edison is the only provider of electricity to many households in the Chicago area. Commonwealth Edison is regulated by the government. This type of regulation is known as
A) the Federal Register. B) social regulation. C) the market share test. D) economic regulation.
Which of the following is included in GDP?
a. burglar alarm purchases b. crime c. traffic congestion d. income equality
Which of the following is(are) the main factor(s) spurring economic growth?
A. Improving technology. B. More and better capital. C. More and better labor. D. All of these cause economic growth.
In graphical form,the effect of imposing a tax on a good is shown as
A) a leftward shift of the market supply curve. B) a rightward shift of the market supply curve. C) a downward movement along the market supply curve. D) no change to the market supply curve.