Direct controls work if
A. there is vigilance and enthusiasm in enforcement by the regulatory agency.
B. the court system prosecutes cases no matter how long it takes.
C. there are affordable penalties imposed by the legal system.
D. each polluter pays the same charge for pollution reduction.
Answer: A
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The Populists succeeded in using the federal government to limit subsidies granted to corporations
Indicate whether the statement is true or false
A market tends to be monopolistic if
a. The good has too many substitutes b. The good has very few substitutes c. There are too many rivals d. The good has too few complements
Assume a new technology further reduces the cost of producing calculators. Also assume that consumers have cut back on their scheduled purchases in anticipation of even more cost-saving developments. As a result, we can expect
a. a decrease in price but no predictable change in output. b. a decrease in output but no predictable change in price. c. an increase in output but no predictable change in price. d. a predictable decrease in both output and price.
The poverty rate is
A. An annual income of less than $29,000 for a family of four in 2014. B. The percentage of the population that receives food stamps. C. The percentage of the population that is counted as poor. D. The income needed for an individual to be above the poverty line.