If two airlines wish to merge, they must seek permission of the
A. Agency for International Air Traffic.
B. Federal Anti-Trust Agency.
C. Federal Trade Commission.
D. Federal Communications Commission.
Answer: C
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Taxes can yield the efficient level of pollution if the tax is set equal to the
A) marginal benefit of pollution. B) marginal external cost of the pollution. C) marginal social cost of the pollution. D) equilibrium price of the pollution.
When a government prints money to finance its expenditures, it is likely to cause
A) unemployment. B) inflation. C) deflation. D) reductions in the use of barter.
A federally subsidized, state-administered program that pays for the medical and hospital costs of welfare recipients and other low-income people is known as
a. Medicare b. Medicaid c. Social Security d. AFDC e. medical philanthropy
Research has shown that the chances of one vote making a difference in an election is:
A. 0.10 %. B. 99.999 %. C. 0.01 %. D. 0.001 %.