What are government owned or government regulated monopolies called?
a. legislative monopolies
b. unregulated monopolies
c. public utilities
d. none of the above
c
You might also like to view...
Policy-oriented economists seek to develop theories to
A. explain how things work, so policies can be formulated. B. describe what happened in a particular time period in history. C. describe current economic events. D. find correlations between events. E. change people’s values and ethics.
Refer to the scenario above. If both nations decide to trade, which of the following statements is true?
A) Hawaii should export both tea and coffee. B) Hawaii should import both tea and coffee. C) Hawaii should export tea and South Carolina should export coffee. D) Hawaii should export coffee and South Carolina should export tea.
Total consumer surplus is measured by the total area under the market demand curve and below the equilibrium price
a. True b. False Indicate whether the statement is true or false
If the required reserve ratio is 0.25, what is the demand deposit multiplier?
a. 4.00 b. 0.50 c. 0.75 d. 1.33 e. 1.25