Truck regulation was needed in the 1930s because of economies of scale in trucking
Indicate whether the statement is true or false
F Truck regulation was introduced because otherwise truck competition would have destroyed the value-of-service pricing railroads used to cover their substantial fixed costs.
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In comparing one market basket, A, to others to the northwest or southeast, we can say that a typical consumer will
a. prefer A to any other market basket. b. prefer any other market basket to A. c. be indifferent between A and any other market basket. d. find any of the above are possible.
Suppose society wants to increase the number of teachers in society but doesn't want to pay teachers any more in salary and benefits. This could only occur by
A) making it more expensive to become a teacher, perhaps by raising college tuition rates. B) making it less expensive to become a teacher, perhaps by offering subsidies to college tuition. C) making computers more powerful. D) increasing the income of student parents.
Foreign exchange means
a. changing dollars into foreign currency b. domestic currency held to finance international trade c. foreign currency d. trade between governments e. trade between individuals in different countries
An unusual feature relating to corporate governance at Snapchat is that stock shares sold during its IPO
A) were sold only to the company's early investors who had provided funds to the firm prior to the IPO. B) were sold only to the company's two founders. C) carried no voting rights for electing the board of directors. D) were sold only to its previously announced board of directors.