One major consequence of the federal government's deregulation of the trucking industry was
A) a sudden and large financial loss for owners of trucking firms.
B) fewer jobs for truck drivers.
C) higher prices paid by shippers.
D) less competition for railroads and barge lines.
E) predatory pricing in the trucking industry.
A
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Fiscal policy is concerned with:
a. encouraging businesses to invest. b. regulation of net exports. c. changes in government spending and/or tax revenues. d. expanding and contracting the money supply.
A business cycle is the period of time in which:
a. expansion and contraction of economic activity are equal. b. the price level changes. c. a business is established and ceases operations. d. there are four phases which are: peak, recession, trough and recovery.
Generally, the more elastic the supply of a resource, the greater is the economic rent as a proportion of total earnings
Indicate whether the statement is true or false
A decrease in supply means that:
A. the supply curve will shift to the right. B. there is a movement upward and to the right along the supply curve. C. there is a movement down and to the left along the supply curve. D. the quantity supplied at every price will decrease.