Most natural monopolies are regulated at some level by a government because:
a. an unregulated natural monopolist would cause the problem of capital outflow.
b. an unregulated natural monopolist would produce only for government bureaucrats.
c. an unregulated natural monopolist would charge an inefficiently low price in the market.
d. an unregulated natural monopolist would charge an inefficiently high price in the market.
e. an unregulated natural monopolist would incur losses.
d
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International Banking Facilities (or IBFs) were established in 1981
Indicate whether the statement is true or false
Which of the following appears to be evidence against the public interest view of the Fed's motivation?
A) The conflict with the Treasury over interest rate fixing during World War II. B) The failure of the Fed to emphasize the goal of price stability. C) The unwillingness of the Fed to turn over its excess profits to the Treasury. D) The independence of Fed chairmen from the authority of the President.
An increase in income causes, the price for ipads _____________ and the quantity demanded for ipads ____________
a. Increase; increase b. Increase; decrease c. Decrease; increase d. Decrease, decrease
If the price level rises, what will happen to aggregate supply curve?
A. It will shift outward. B. It will shift inward. C. Nothing. D. It will get steeper. E. It will get flatter.