Which goods did NOT decrease in price between 2000 and 2015?
A. Alcoholic beverages away from home
B. Toys
C. Televisions
D. Personal computers and peripherals
Answer: A
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Use the following graph, which shows the market for euros, to answer the next question.
Assume the U.S. and European governments adopt a system of flexible exchange rates. If more people in Europe decide to purchase U.S. cars, what effect will this have on the market for euros?
A. The supply of euros will decrease. B. The supply of euros will increase. C. The demand for euros will decrease. D. The demand for euros will increase.
The capture theory of regulation predicts that
A) regulation helps producers to maximize profits. B) regulators capture the firm's economic profit and transfer it to consumers as consumer surplus. C) regulators eliminate the deadweight loss a monopoly can create. D) resources are used efficiently. E) regulators capture the firm's economic profit and transfer it to themselves.
Explain why perfectly competitive firms make zero economic profit in the long run.
What will be an ideal response?
The Sherman Antitrust Act of 1890 prohibited
A. issurance of money by private banks. B. all existing monopolies. C. interstate commerce. D. attempts to restrain trade.