Which of the following is NOT an objective of economic regulation?
A. to keep rates of return in an industry at a competitive level
B. to prevent monopoly profits
C. to fix prices so that they are never allowed to rise
D. to regulate the prices enterprises are allowed to charge
Answer: C
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The market to buy and sell organs:
A. is missing. B. has been banned by public policy. C. would create surplus for those who would interact in it. D. All of these are true.
The entry of new firms into a perfectly competitive market in the long run is most likely the result of
a. temporarily above-normal profit, despite the presence of barriers to entry b. continued above-normal profit, despite the presence of barriers to entry c. temporarily above-normal profit, combined with the absence of barriers to entry d. continued above-normal profit, combined with the absence of barriers to entry e. either temporarily or continued above-normal profit, despite the presence of barriers to entry
If the price of inputs falls and the level of consumer indebtedness rises:
a. Price index rises, and the change in real GDP is uncertain. b. Price index falls, and real GDP rises. c. The change in price index is uncertain, and real GDP rises. d. Price index falls, and real GDP falls. e. Price index falls, and the change in real GDP is uncertain.
A bank's assets are $400 million and its liabilities are $300 million, which means that the bank's net worth (bank capital) is ____________________. If the bank's assets rise by 8% at the same time that its liabilities rise by 5%, the bank's new net worth will then be _______________
A) $700 million; $713 million B) $100 million; $117 million C) $100 million; $102 million D) $350 million; $360.5 million