The Federal Trade Commission Act was passed in:
a. 1890.
b. 1914.
c. 1929.
d. 1933.
b
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As means of payment currency, credit cards, and debit cards differ according to
A) whether they pay interest. B) whose liability they represent. C) transactions costs. D) all of the above.
In a competitive market, an efficient allocation of resources is characterized by
a. a price greater than the marginal cost of production. b. the possibility of further mutually beneficial transactions. c. the largest possible sum of consumer and producer surplus. d. a value of consumer surplus equal to that of producer surplus.
A traffic light at an intersection is
a. rival and excludable in consumption. b. not rival but excludable in consumption. c. rival but not excludable in consumption. d. not rival and not excludable in consumption.
The school of engineering at a modern university would be a supporter of the new
A. consumption theory. B. growth theory. C. monetary theory. D. construction theory.