The primary purpose of economic regulation of an industry is to
A. reduce output.
B. control hiring and firing within the industry.
C. control the prices charged by the regulated industry.
D. increase taxes across the board.
Answer: C
You might also like to view...
Forecasts by the Congressional Budget Office show spending on Social Security, Medicare, and Medicaid rising from 10
1 percent of GDP in 2015 to ________ percent of GDP in 2090, and by 2090 the federal government will be spending, as a fraction of GDP, ________ on these three programs as it currently spends on all programs combined. A) 16.2 percent; half as much B) 19.8 percent; nearly as much C) 16.2 percent; nearly as much D) 19.8 percent; half as much
During periods of high inflation, people want to hold as much money as possible
a. True b. False Indicate whether the statement is true or false
Improvements in the quality of consumer goods and services over time
a. cause inflation as measured by the CPI to overstate the actual inflation rate b. cause inflation as measured by the CPI to understate the actual inflation rate c. are accounted for in the CPI d. are insignificant and thus would not affect the CPI even if accounted for e. improve the accuracy and consistency of the market basket
Purchases of foreign assets by domestic firms or households is called a:
A. capital outflow. B. capital inflow. C. trade deficit. D. trade surplus.