Suppose that because of climatic conditions, the smog levels in Los Angeles suddenly soar to dangerous levels. The most successful policy in this case would be
a. direct controls to limit driving.
b. taxes on drivers at rush hours.
c. voluntary cooperation to reduce driving.
d. removal of autos with excessive emissions.
c
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The Federal Reserve Bank of 1914 permitted the Fed to compete with banks for profits
Indicate whether the statement is true or false
Which of the following is a current example of a government-granted cartel?
A) the "Big Three" accounting firms B) the U.S. automobile industry C) U.S. professional baseball D) the U.S. airline industry
The market structure in which there is interdependence among firms is
A) monopolistic competition. B) oligopoly. C) perfect competition. D) monopoly.
If incomes in the United States increase, other things equal, then U.S. _____
a. imports increase and exports remain constant b. exports increase and imports decrease c. imports decrease and exports decrease d. imports remain constant and exports increase e. net exports remains constant