Which of the following industries have been deregulated in recent year?
a) low-cost housing
b) pharmaceuticals
c) airlines
d) steel
Ans: c) airlines
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Over the business cycle, factors such as the quantity of capital, human capital and technology
A) change randomly, sometimes growing, sometimes falling. B) change drastically, fluctuating more than the quantity of labor employed. C) fluctuate about the same amount as the quantity of labor employed. D) grow but do not fluctuate as much as the quantity of labor employed. E) do not grow and are therefore not the source of economic growth.
The main source of government funding is
A) user fees. B) taxes. C) borrowing. D) transfer payments.
In the early 1980s many farmers, caught between falling farm prices and rising costs, went bankrupt and defaulted on their bank loans
Indicate whether the statement is true or false
If the current year CPI is 90, then the price level has decreased 10 percent since the base year
a. True b. False Indicate whether the statement is true or false