Leaving out spending on consumer durables, the LCH and the PIH strengthens the case for policy ________ and the essential ________ of the private economy
A) rules, stability
B) rules, instability
C) activism, stability
D) activism, instability
A
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The cross-price elasticity between natural gas and heating oil is estimated to be 2.3 . The cross-price elasticity between natural gas and electricity is estimated to be -0.8
What is the relationship between natural gas and heating oil? What is the relationship between natural gas and electricity? Explain.
Government regulation of monopoly
a. separates monopoly pricing from monopolies b. is undesirable when there is a natural monopoly c. cannot be done when there are monopoly profits d. is unnecessary when economies of scale exist e. will result in economic profits to the regulated firm
A monthly interest rate of 1% is a compounded annual rate of :
A. 14.11% B. 12.68% C. 10.00% D. 6.00%
According to the World View titled "Income Share of the Rich," in which of the following would the top tenth of the population be most likely to receive the highest percentage of the country's income?
A. Canada. B. Japan. C. South Africa. D. Namibia.