The per se rule was an antitrust law guideline that emphasized ____ over ____.
A. price; quantity
B. quantity; price
C. behavior; size
D. size; behavior
Answer: D
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The taxicab fare in Newville is regulated. The fare currently charged is $6 a ride. Newville taxicab drivers want to obtain government's permission to lower the fare, which they think will increase their total revenue
From this we can conclude that the drivers believe that the demand for taxicab rides is A) elastic. B) inelastic. C) unit elastic. D) perfectly inelastic.
A person who organizes and assumes the risks of a business venture is called a(n)
a. capitalist. b. manager. c. labor leader. d. entrepreneur.
Which of the following is a measure taken by the government to internalize externalities?
a. Value Added Tax b. Income Tax c. Cap and trade d. Tariffs e. Deficit financing
Excess reserves are borrowed funds loaned in excess of legal reserve requirements
Indicate whether the statement is true or false