America’s antitrust laws are used to protect competition against possible encroachment by monopoly. This is an example of government as
A. regulator of businesses.
B. buyer of goods and services.
C. tax collector.
D. redistributor.
Answer: A
You might also like to view...
George was assigned to read a chapter in economics tonight, but he has a math exam tomorrow. He chooses to study for the math exam and postpone his economics studies until after the exam. What is the opportunity cost of George's decision?
A) The lower math grade he would have received had he not studied for the math exam B) The economics knowledge he sacrificed by not reading the assigned chapter C) Both A and B above D) Without information regarding the price of the textbook and the value to George of the math exam, George's opportunity cost cannot be determined.
If demand is elastic, an increase in price will decrease total revenue.
Answer the following statement true (T) or false (F)
What is the largest category of bank assets?
A) loans B) reserves C) securities D) cash items in the process of collection
A decrease in supply _____ price and _____ the quantity sold.
Fill in the blank(s) with the appropriate word(s).