The main goal of antitrust policy is to
A) encourage firms to produce at the MR = demand level.
B) regulate natural monopolies.
C) prevent the monopolization of industries.
D) prevent the nationalization of industries.
Answer: C
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The law of demand ensures that a demand curve has a positive slope.
Answer the following statement true (T) or false (F)
Unbiasedness and small variance are desirable properties of estimators
However, you can imagine situations where a trade-off exists between the two: one estimator may be have a small bias but a much smaller variance than another, unbiased estimator. The concept of "mean square error" estimator combines the two concepts. Let be an estimator of ?. Then the mean square error (MSE) is defined as follows: MSE( ) = E( – ?)2. Prove that MSE( ) = bias2 + var( ). (Hint: subtract and add in E( ) in E( – ?)2.) What will be an ideal response?
Which of the following reduces the potential burden of an increase in debt on future generations?
a. the growth rate of output is high b. in response to increased debt, parents save more to leave their children larger bequests c. some current government spending benefits future taxpayers d. All of the above are correct.
What is the maximum number of voting members of the FOMC?
A. 7 B. 48 C. 4 D. 12