Which of the following is likely to dampen economic fluctuations in a country?
a. A regressive income tax
b. An increase in tax rates
c. A decrease in tax rates
d. An increase in money supply
e. Unemployment insurance
e
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The chief executive officer of a monopoly firm gives a directive to his production managers to maximize the per unit profit for the upcoming fiscal year. Evaluate the economic wisdom of this advice
What will be an ideal response?
The term "trust" in antitrust refers to a board of trustees that has collusive control over different companies
Indicate whether the statement is true or false
One barrier to entry into a monopoly market is:
A. few buyers. B. high input costs. C. the ownership of a key resource or input. D. too many competitors already in the market.
Suppose a plaintiff hires a lawyer to represent her in a court case. The lawyer will receive a share of the settlement if the plaintiff wins. Under this contract,
A) production efficiency cannot be achieved.
B) the client bears all of the risk.
C) the lawyer bears all of the risk.
D) the risk is shared.