The loss of the profit motive by a publicly owned natural monopoly could:

A. increase the motivation to improve efficiency.
B. reduce the motivation to improve efficiency.
C. increase the incentive to provide better service.
D. increase the incentive to lower costs.


B. reduce the motivation to improve efficiency.

Economics

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List and describe three different input markets

What will be an ideal response?

Economics

Suppose a roll of paper towels costs $5 at Sam's Quick Stop, a local quick stop, and the same roll of paper towels costs $2 at Big Supplies, a large, retailer located in a more remote location. If a customer's total cost of travel to Sam's Quick Stop is $3 and is $6 to Big Supplies, which of the following is true?

A) It is more expensive for the consumer to buy the paper towels at Big Supplies. B) It is cheaper for the consumer to buy the paper towels at Sam's Quick Stop. C) It is cheaper for the consumer to buy the paper towels at Big Supplies. D) The consumer is indifferent as to where they buy the paper towels.

Economics

Large family size by itself creates very little new poverty

Indicate whether the statement is true or false

Economics

The Bureau of Labor Statistics' U-1 measure of joblessness includes only very long-term unemployed

a. True b. False Indicate whether the statement is true or false

Economics