Which one of the following statements about policies to deal with monopoly is true?
a. There is no consensus among economists about the best way to deal with monopoly and oligopoly
b. Economists agree that antitrust is best.
c. Economists agree that government regulation is best.
d. Economists agree that nationalization is best.
e. Economists agree that laissez-faire is best.
A
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Dodd-Frank addressed many of the issues that led to the financial crisis. Which of the following was NOT addressed by Dodd-Frank regulations?
A) stricter consumer protection laws B) privately owned, government-sponsored enterprises (GSEs) such as Fannie mae and Freddie Mac C) resolution authority over the large financial institutions D) higher requirements on firms dealing in derivatives
Refer to the information above. An economy's real GDP per person doubles every 18 years when it maintains a growth rate of ________ per year
A) 5.6 percent B) 4.0 percent C) 0.25 percent D) 0.9 percent
Which of the following is an allowable deduction?
A. Unreimbursed medical expenses that exceed 7.5% of AGI B. State and local income and property taxes C. Interest on qualified education loans up to a certain limit D. All of the answer options are correct.
The price of a good will be ________ determined if the ________ of the good is perfectly inelastic.
A. supply; supply or demand B. demand; demand C. supply; supply D. demand; supply