Some economists argue the best response to a monopoly is to:
A. do whatever the public demands.
B. do nothing at all.
C. never publicly own enterprises because it raises taxes.
D. None of the statements is true.
B. do nothing at all.
You might also like to view...
Suppose an economy experiences a permanent increase in its expected inflation rate. As a result, there is
A) a downward shift of the short-run Phillips curve. B) a downward movement along the short-run Phillips curve. C) an upward movement along the short-run Phillips curve. D) no change at all to the short-run Phillips curve. E) an upward shift of the short-run Phillips curve.
The reasons why a competitive firm's short-run supply curve is upward sloping are
A) the law of diminishing marginal returns and profit maximization. B) constant returns to scale and profit maximization. C) decreasing returns to scale and profit maximization. D) Both B and C.
a person who was laid off during a recession and .....
What will be an ideal response?
In an economy with persistent inflation,
A. real GDP will grow faster than nominal GDP. B. nominal GDP will grow faster than real GDP. C. nominal and real GDP will grow at the same rate. D. nominal and real GDP will both fall.