Unrestrained monopolies are criticized because they restrict output and reduce innovation
a. True
b. False
Indicate whether the statement is true or false
True
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Hedging by buying an option
A) limits gains. B) limits losses. C) limits gains and losses. D) has no limit on option premiums.
The Rawlsian view of equity would lead to:
A) equal allocations of goods across all persons. B) maximizing the utility of the least-well-off person. C) maximizing the total utility of all society members. D) none of the above
When numerous Japanese companies buy $100,000,000 worth of goods or services from U.S. producers, ceteris paribus, there will be
A) appreciation in the value of the yen against the dollar. B) depreciation in the value of the yen against the dollar. C) depreciation of the dollar against the yen. D) no change in values of the currencies.
In a two-country world, the opening of free trade does not make everyone in the two countries better off. If we focus on a single product, which group in each country is better off? Which is worse off? What assumption(s) must be made to make the claim that both countries do in fact benefit from the free trade?
What will be an ideal response?