The case study of segregated street cars in southern cities illustrates which of the following?
a. Streetcar owners opposed segregation laws primarily because they were concerned with civil rights.
b. Segregation laws were supported by both local business owners and patrons.
c. Firms usually care more about maximizing profits than discriminating against certain customers.
d. Laws passed by the government cannot reduce discrimination.
c
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The GDP price index: a. measures the average price of final goods and services produced in an economy
b. measures the quality of goods produced in an economy. c. is derived using the prices of only imported and exported goods and services. d. is derived using the implicit prices of goods and services produced by the government. e. measures the value of all intermediate goods and services sold in an economy.
A trade deficit involves:
a. net flows of goods from foreign countries to the domestic government. b. net money flows from the foreign firms to the domestic government. c. net money flows from the domestic firms to the domestic government. d. net money flows from the foreign firms to the domestic firms. e. net flows of goods from foreign countries to the domestic firms.
One reason regulators push for higher prices in an industry is to
a. prevent excess profits in the industry. b. protect the public from excessively low prices. c. encourage usage of the good or service. d. protect against the demise of existing firms.
At the present, saving is ______.
a. not taxed b. taxed at a relatively low rate c. taxed at a relatively high rate d. seldom taxed