Deregulation includes reducing governmental control over some aspects of private industry, while increasing control of others.
Answer the following statement true (T) or false (F)
False
Deregulation is the process of reducing government control over markets.
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The English Parliament regulates companies that trade stock publicly through a law known as the:
A. Leverage Act. B. Bubble Act. C. Company Act. D. Anti-Corruption Act.
Give a few examples of incentive compensation.
What will be an ideal response?
Which of the following factors of production is likely to be most productive?
a. A certified doctor working in a well-equipped hospital b. A medical student working as a volunteer in a rural health clinic c. A trained nurse without access to the latest medical technology d. A knowledgeable chemist without a degree in medical sciences e. A specialist doctor working in a hospital with poor infrastructure
If a local car dealership can sell 8 cars per day at a price of $25,000 each, but must reduce the price to $24,000 to sell one more car, what is the marginal revenue of the 9th car?
A. $216,000. B. $16,000. C. -$1,000. D. $24,000.