Disclosure laws:
A. are an example of how government attempts to assert control over what we eat.
B. always help solve information asymmetry, but can cause other problems.
C. can result in information overload.
D. All of these statements are true.
C. can result in information overload.
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In the Utah Pie case, the economic effect of the Supreme Court decision was to:
a. prohibit the merger of two small pie companies. b. encourage competition by ruling that the national competitors had engaged in illegal price discrimination. c. encourage competition by ruling that the national competitors had not engaged in illegal price discrimination. d. discourage competition by national competitors in the Salt Lake City market.
Cost-plus pricing and guaranteed profit regulation give the same results
a. True b. False Indicate whether the statement is true or false
Monetarists believe that an increase in the money supply shifts the aggregate
A. Supply curve to the right. B. Supply curve to the left. C. Demand curve to the right. D. Demand curve to the left.
Private saving is the ______.
a. amount of income households have left after consumption and taxes, plus transfer payments b. amount of income the government has left over after paying for its spending c. theory that government borrowing drives up the interest rate and lowers consumption d. practice of using corporate profits for capital investment rather than dividend payouts