The attempt to capture consumer surplus, producer surplus, or economic profit is called ________
A) a natural monopoly
B) price discrimination
C) rent seeking
D) gouging
C
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Which is the largest component of aggregate expenditure?
A) consumption expenditures B) government expenditures C) net export expenditures D) planned investment expenditures
The spectacular growth in international banking can be explained by
A) the rapid growth in international trade. B) the 1988 Basel Agreement. C) the collapse of the Bretton Woods system. D) the creation of the World Trade Organization.
In the calm before the storm of the early 1990s recession, the economy was fueled by many factors including debt-financed purchases by some firms of all the stock or assets of other firms. These purchases were known as
a. hostile takeovers b. junk bonds c. leveraged buyouts d. stock swaps e. derivatives
The Personal Consumption Expenditure Index is also known as the GDP deflator
a. True b. False Indicate whether the statement is true or false