When government owns a natural monopoly, it can:
A. lose the incentive to be efficient.
B. at a loss.
C. make business decisions based on political pressures.
D. All of these statements are true.
D. All of these statements are true.
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________ policy focuses on the nation's money supply, while ________ policy focuses on the government's budget.
A. Monetary; structural B. Monetary, fiscal C. Fiscal, monetary D. Fiscal, structural
An economy is at a short-run equilibrium as illustrated in the above figure. An appropriate fiscal policy option to move the economy to full employment is to
A) lower the interest rate by increasing the quantity of money and move the economy to a full-employment equilibrium at point b. B) increase government expenditure and move the economy to a full-employment equilibrium at point b. C) increase tax rates and move the economy to a full-employment equilibrium at point c. D) increase government expenditure and move the economy to a full-employment equilibrium at point c. E) increase tax rates and move the economy to a full-employment equilibrium at point b.
Natural resources can be:
A. renewable. B. nonrenewable. C. Both of these are true. D. Neither of these is true.
Explain how harmonization of standards might increase productive efficiency
What will be an ideal response?