During the contraction phase of the business cycle
a. employment and output are both rising
b. employment and output are both at a peak
c. employment and output are both at their lowest
d. employment and output are both falling
e. employment is falling and output is rising
D
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Which of the following types of economic regulation is most likely to encourage firms to inflate their costs?
A) price cap regulation B) rate of return regulation C) cartel regulation D) earnings sharing and price cap regulation
Patents, copyrights, and trademarks
a. are examples of government-created monopolies. b. are examples of barriers to entry. c. allow their owners to charge higher prices. d. All of the above are correct.
In the United States, the money for loans to businesses comes mainly from
A. corporate profits. B. the federal government. C. savings held in lending institutions. D. state and local governments.
Hector has $2,000 a month to spend on clothing and food. The price of clothing is $50 and the price of food is 20. The clothing and food pairs in Hector's choice set include ________ units of clothing and ________ units of food.
A. 40; 100 B. 16; 60 C. 100; 100 D. 30; 50