Deregulation in railroads, airlines, and telephone service has generally resulted in higher prices.
Answer the following statement true (T) or false (F)
False
Deregulation of the railroad, telephone, airline, and electricity industries has yielded substantial benefits: more competition, lower prices, and improved services.
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A chemical factory and a fishing club share a lake. Producing chemicals creates water pollution that harms the fish. The marginal social cost, private marginal cost, and marginal social benefit from producing chemicals are in the figure above
If polluting is legal and no one owns the lake into which waste is dumped, then the amount of chemicals produced each week will be A) 0 tons. B) 4 tons. C) 8 tons. D) None of the above answers is correct.
Which of the following will improve your salary bargaining position
a. Wait until the large project you were integral to is completed b. Wait until your employer has hired many others with similar skills as yours' c. Wait until your employer has invested greatly into the long-term project you lead d. At the very outset of a project that you will lead
The search model predicts that
a. singles bars will be popular b. computer dating services would reduce the amount of search c. supermarket price advertisements in the newspaper provide consumers no benefit d. as a consumer's wage rises, they search more, ceteris paribus e. common knowledge has no value
The Lorenz curve and the Gini coefficient are similar in that both
a. are numerical measurements b. illustrate dispersions of income throughout an economy c. represent after tax incomes d. are abstract models of the real world but there are no data allowing us to apply it to the real world e. compare the levels of incomes earned in different countries