Tariff revenues are an important generator of revenue in less-developed countries
a. True b. False
a
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The techniques of government regulation in the U.S. are intended to increase the degree of competitiveness in the domestic and international marketplaces
Indicate whether the statement is true or false
The need to make choices is most closely related to the economic concept of
A) opportunity cost. B) efficiency. C) inefficiency. D) utility. E) disutility.
The purpose of the Dodd-Frank Wall Street Reform Act was to:
A. limit what stocks and mutual funds that investors could choose. B. give banks the choice to report their holdings. C. encourage banks to engage in more risk-taking. D. force banks to limit their risk-taking.
Price leadership
A. Results in inflexible prices. B. Results in predatory pricing. C. Accounts for kinked oligopoly behavior. D. Helps achieve monopoly profit for the market.