The Interstate Commerce Commission (ICC) was established in 1887 to regulate:
a. banking.
b. railroads and all surface transportation.
c. nationwide advertising.
d. interstate sales of food and drugs.
b
You might also like to view...
Private producers have no incentive to provide public goods because
A) they cannot avoid the tragedy of the commons. B) production of huge quantities of public goods entails huge fixed costs. C) once produced, it will not be possible to exclude those who do not pay for the good. D) the government subsidy granted is usually insufficient to enable private producers to make a profit.
Federal deposit insurance in the United States began in
A) 1864. B) 1933. C) 1968. D) 1984.
Economic analysis indicates the net long-run effect of outsourcing for the United States is likely to be
A) an increased demand for labor due to economic growth. B) a decreased in the demand for labor in the United States in the short run. C) an increase in the supply of labor. D) a decrease in the supply of labor.
For a monopolist, if marginal revenue is $40, total revenue is
a. increasing b. decreasing c. zero d. positive e. negative