European nations are currently deregulating many markets. They are expecting:
A. the price of goods sold in these markets to increase.
B. the quality of goods sold in these markets to decrease.
C. the price of goods sold in these markets to decrease.
D. the profits of firms selling in these markets to increase.
Answer: C
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A mid-size firm may have a "__________" line of credit, meaning all or part of it can be converted into an intermediate-term loan
A) revolving B) secured C) guaranteed D) mezzanine
Assuming a firm would not survive without protection, what should the government do if the present value of the profits and value added from operating an infant industry firm exceed the deadweight loss of imposing protection?
a. It should impose the tariff—the gains exceed the losses. b. It should not impose the tariff—the losses exceed the gains. c. If it imposes the tariff, it may actually create more problems that cannot be foreseen—do not impose the tariff. d. The government should just ban all imports of that product until the "infant" is able to compete on its own.
A theory of fairness that holds that taxpayers should contribute to the government in proportion to the benefits they receive from public expenditures is the
A. benefits-received principle. B. equality-for-all principle. C. equity principle. D. ability-to-pay principle.
Regression analysis splits people into groups, with each group containing identical people who
A) have different qualifications. B) do different work. C) are all of the same gender. D) None of the above are correct.