Advocates of limiting anti-trust action to cases which would promote economic efficiency believe that
a. courts should consider the distribution of income between producers and consumers.
b. the welfare of small firms should be a factor in pursuing anti-trust action.
c. preventing mergers that would benefit consumers constitutes a misapplication of the law.
d. more competition is always preferred to less.
c. preventing mergers that would benefit consumers constitutes a misapplication of the law.
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The natural rate of unemployment:
A) is a constant. B) is the average of the unemployment rate in a country over time. C) is determined by adding the unemployment rates in all countries and then dividing it by the number of countries. D) is always lesser than the level of cyclical unemployment in an economy.
New growth theory
A) states that the rate of technological change is caused by economic incentives. B) states that the rate of technological change is determined outside the working of the market system. C) states that the rate of technological change is unaffected by economic incentives. D) does not adequately explain the factors that determine productivity.
Describe each of the principles governments consider when deciding which taxes to use
What will be an ideal response?
What are the functions for MC and AC if TC = 100q + 100q2? Are the returns to scale increasing, decreasing, or constant?
What will be an ideal response?