In the early twentieth century, racial segregation of streetcars in the southern cities was largely opposed by
a. streetcar firms.
b. government officials.
c. Federal lawyers applying the Sherman antitrust laws.
d. consumers.
a
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When the price level rises from 110 to 115, the aggregate level of GDP supplied rises from $80 billion to $120 billion
This ________ relationship represents the ________ relationship between the quantity of real GDP firms are willing to supply and the price level. A) positive; short-run B) negative; short-run C) positive; long-run D) negative; long-run
Spencer and Brander's model highlights the existence of
A) aircraft industries. B) excess returns present in highly competitive markets. C) excess returns, or rents, available in non-competitive markets. D) the futility of government bureaucrats' attempts to build an airplane. E) natural advantages in foreign technology firms.
Generally speaking, firms _____ of their capital assets
a. prefer straight-line depreciation b. prefer accelerated depreciation c. are indifferent between straight-line and accelerated depreciation d. prefer not to depreciate
Commitment devices can be:
A. a way for people to voluntarily restrict their choices in order to make it easier to stick to plans. B. a way to use choice architecture to help you avoid temptation. C. formal policies or products. D. All of these statements are true.