The process of price cap regulation includes which of the following?
i. a price ceiling
ii. marginal cost pricing
iii. average cost pricing
A) i only
B) ii only
C) i and ii
D) ii and iii
E) i and iii
A
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If total utility declines as an additional unit of a commodity is purchased,
A. marginal utility must be rising. B. marginal utility is negative. C. marginal utility is positive but falling. D. its price must have risen. E. marginal utility is zero.
Which of the following describes the behavior of M1 in recent decades?
A) it soared during the recessions of 1990-91, 2001, and 2007-2009 B) it tended to grow more rapidly than M2 C) it was more stable than M2 D) it has not declined since the 1970s
When shirking at the workplace occurs, increased monitoring of workers is the only effective way to reduce this behavior
Indicate whether the statement is true or false
New growth theory puts emphasis on
A) ideas. B) experimenting with new ways of doing things. C) rearranging resources in ways that are more valuable. D) b and c E) a, b, and c