The public policies designed to mitigate the effects of monopolies are:
A. highly debated issues.
B. well-defined and accepted.
C. highly effective.
D. proven to increase benefits more than increase costs.
A. highly debated issues.
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The 1987 study by Bowen, Leamer and Sveikauskas
A) supported the validity of the Leontief Paradox. B) supported the validity of the Heckscher-Ohlin model. C) used a two-country and two-product framework. D) demonstrated that in fact countries tend to use different technologies. E) proved that the U.S.'s comparative advantage relied on skilled labor.
The U.S. Department of Commerce has been developing so-called "green accounting" to: a. include the value of leisure in the gross domestic product (GDP) of the country. b. register the impact of pollution and natural resource depletion
c. value the output of new firms. d. illustrate the difference between nominal GDP and real GDP. e. measure the value of the output produced by inexperienced workers.
If government-assured medical and other benefits increase the labor costs, everything else remaining constant, then firms will tend to hire more of the other resources instead of labor
a. True b. False Indicate whether the statement is true or false
What determines prices and inflation in the long-run classical model?
A. money supply B. aggregate demand and supply C. interest rates D. saving and investment