Monopoly powers given to domestic utility companies to create economies of scale might unintentionally
A) be an obstacle to increased international trade.
B) be useful for the creation of a comparative advantage for the domestic country.
C) not be used for rent-seeking behaviors.
D) be a positive externality for the world as a whole.
A
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Investment spending tends to be closely related to the current pace of economic growth
Indicate whether the statement is true or false
If, in response to an increase in the price of chocolate the quantity of chocolate demanded decreases, economists would describe this as
A) a change in consumer income. B) a decrease in quantity demanded. C) a decrease in demand. D) a decrease in consumers' taste for chocolate.
Which of the following is the definition of wealth?
a. Real disposable income b. The total value of assets c. Real income d. The value of liabilities minus the value of assets e. The value of assets minus the value of outstanding liabilities
Suppose you place $500 into a savings account that will pay you 6% interest per year. What will be the future value of the savings account in 15 years?