Natural monopolies have been slowly eroded by
A. market imbalances.
B. rising costs.
C. technological change.
D. perfect competition.
Answer: C
You might also like to view...
Positive economics is a(n):
a. reflection of a country's values. b. judgment of the correctness of an economic outcome. c. statement of fact. d. analysis of what ought to be. e. analysis of all the good market outcomes.
Decreases in government spending
a. shift the aggregate supply to the right. b. have no effect on aggregate demand. c. shift the aggregate demand curve to the right. d. shift the aggregate demand curve to the left.
Along the horizontal segment of the aggregate supply curve, when real GDP
a. increases, the price level rises b. decreases, the price level falls c. increases, the price level does not change d. increases, the price level falls e. decreases, the price level rises
How could you classify the motives of a wealthy widow donating money to an orphanage or a teenager picking up trash in his neighborhood?
a. self-regulation b. government regulation c. taxation d. subsidization