When regulatory requirements make it costly and complex to open a business,
A) the volume of trade will decline and economic growth will be retarded.
B) the level of competition will increase.
C) the likelihood government officials will provide favors to specific businesses and engage in corrupt practices will be reduced
D) the volume of
A) the volume of trade will decline and economic growth will be retarded.
You might also like to view...
Use the following graph for a competitive market to answer the question below
A price ceiling of $25 per unit will result in
A. a surplus of 200 units. B. the market staying at the equilibrium quantity of 150. C. a shortage of 200 units. D. a shortage of 150 units.
The supply curve for umbrellas
A) shows the supply of umbrellas consumers are willing and able to buy at any given price. B) is downward sloping. C) shows the relationship between the price of umbrellas and the quantity of umbrellas supplied. D) shows the relationship between the quantity of umbrellas firms are willing and able to supply and the quantity of umbrellas consumers are willing and able to purchase.
Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for potatoes and that steak and potatoes are complements. What panel describes what happens in this market when the price of steak rises?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
If the economy is experiencing inflation, then the most appropriate government policy would be to:
A. shift the aggregate demand curve by using a tax increase coupled with spending cuts. B. shift the aggregate demand curve by using a tax increase coupled with more spending. C. shift the aggregate demand curve by using a tax cut coupled with spending cuts. D. shift the aggregate supply curve by using a tax cut coupled with more spending.