Government intervention in the marketplace for the purpose of influencing prices should be done whenever the opportunity cost of such actions falls to zero
Indicate whether the statement is true or false
F
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The Gramm-Leach-Bliley Act of 1999
A) allowed the creating of financial holding companies. B) set conditions under which an FHC can set up a merchant bank. C) brings the U.S. closer to the universal banking model. D) does all of the above.
Price and quantity in Bertrand and Cournot models
A) are the same. B) are different. C) might be the same depending on whether the products are identical or differentiated. D) are the same as in a duopoly.
In a constant-cost industry, the long-run market supply curve is
a. horizontal b. vertical c. upward sloping d. downward sloping e. the same slope as the typical firm's supply curve
What type(s) of individual will always choose a risk-free basket when offered a bet at fair odds?
a. A risk-neutral individual. b. A risk-averse individual. c. A risk-preferring individual. d. Risk-neutral and risk-averse individuals.