The problems of markets can be addressed by:
A. guaranteed price matching.
B. increasing the number of sellers in the market.
C. imposing price ceilings.
D. money-back guarantees.
Answer: D
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Investment is a smaller component of GDP than consumption, but it is a more stable component
Indicate whether the statement is true or false
A clear effect of deregulating the airline industry has been to
A) eliminate price competition between airlines. B) make fewer flights available at popular times. C) raise average fares. D) reduce airline safety. E) reduce the average wage of pilots.
Refer to Figure 16.3. A shift from AS3 to AS2 could be caused by
A. A decrease in the money supply. B. An increase in the marginal tax rate. C. An increase in the investment in human capital. D. A decrease in government spending.
According to the above figure and given that supply is intitially at S1, if steel mills ignore the cost of pollution, the equilibrium quantity of steel will most likely be
A. Q1. B. Q2. C. Q2 - Q1. D. None of these.