U.S. public utilities are often:
a. perfect competitors
b. created through patent protection.
c. regulated natural monopolies.
d. employee-owned public enterprises.
c
You might also like to view...
You operate a factory that produces beach towels. Your current level of output equals 2,000 towels per week. Your weekly variable cost equals $8,000 . If your total cost each week equals $9,000 . it follows that:
a. the average variable cost of production equals $2 per towel. b. the average variable cost of production equals $4 per towel. c. the average total cost of production equals $8 per towel. d. none of the above
A new public offering that significantly shifts the supply curve for a firm's shares will
a. have no impact on the stock's price b. decrease the stock's price c. increase the stock's price d. decrease the value of the firm's previously issued bonds e. decrease the firm's working capital
Initially, the economy is in long-run equilibrium. The aggregate demand curve then shifts $80 billion to the left. The government wants to change spending to offset this decrease in demand. The MPC is 0.75 . Suppose the effect on aggregate demand of a tax change is 3/4 as strong as the effect of a change in government expenditure. There is no crowding out and no accelerator effect. What should
the government do if it wants to offset the decrease in real GDP? a. Raise both taxes and expenditures by $80 billion dollars. b. Raise both taxes and expenditures by $10 billion dollars. c. Reduce both taxes and expenditures by $80 billion dollars. d. Reduce both taxes and expenditures by $10 billion dollars.
Which statement is true?
A. Americans first embraced labor unions as an important institution at the same time presidents Teddy Roosevelt and William Howard Taft were breaking up some of the major trusts. B. Labor leader Samuel Gompers pushed for socialist reforms such as the 8-hour day and the elimination of the wage system. C. The National Labor Relations Act was passed the year after the Sherman Anti-trust Act of 1891. D. Labor unions were considered subversive until the 1940s.