Antitrust laws are essentially:
A. Anti-monopoly
B. Anti-banking
C. Anti-finance
D. Anti-competition
A. Anti-monopoly
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In the Keynesian view,
a. both monetary and fiscal policy can affect income. b. monetary policy can be ineffective when money demand is less interest rate elastic. c. fiscal policy is a more reliable way to stimulate output during a recession. d. all of the above
It is relatively easy for firms to enter and exit a perfectly competitive market
a. True b. False Indicate whether the statement is true or false
A price index creates a measure of how many dollars it would take to maintain a constant purchasing power over time
a. True b. False Indicate whether the statement is true or false
Miguel, Maria, and Marcos all would like a place to sit while waiting at their children's bus stop. The neighborhood association is considering installing several park benches at the bus stop. Miguel values the benches at $20, Maria at $30, and Marcos at $40 . The park benches and labor for installation cost $100 . If Miguel, Maria, and Marcos are the only residents who value the benches, what
should the neighborhood association do? a. Install the park benches because people like places to sit. b. Install the park benches because the benefits outweigh the costs. c. Do not install the park benches because the costs outweigh the benefits. d. Do not install the park benches to prevent the Tragedy of the Commons problem of overuse.