The argument against greater equality in the distribution of income in the United States hinges predominantly on
A. Loss of incentives.
B. The loss of horizontal equity.
C. A higher marginal revenue product.
D. Greater productivity.
Answer: A
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Under rate of return regulation, a regulated firm has an incentive to
A) use an efficient amount of capital. B) set its price equal to its marginal cost. C) hide losses from bad debts. D) inflate its costs.
It was the banking panic of _____ that convinced Congress to establish the Federal Reserve System
a. 1890. b. 1929. c. 1907. d. 1863. e. 1921.
A decrease in supply and an increase in demand cause which of the following?
a. Equilibrium price change is indeterminate. b. Equilibrium quantity decreases. c. Equilibrium price falls. d. Equilibrium quantity rises. e. Equilibrium quantity change is indeterminate.
Regarding sexual harassment which of the following is NOT true
a. offenders can be same or opposite sex b. victims do not have to be harassed personally but affected through environment c. harasser must be superior employee d. harassment may occur without economic injury