Which of the following clearly restricts competition?
A) A government policy restricting entry into the market
B) A government policy that reduces tariffs on foreign imports
C) A business sets price below cost.
D) A business sets price above cost.
E) Any business pricing scheme that successfully draws customers away from its rivals
A
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When the price of popcorn falls, before there is any change in consumption, the
A) marginal utility of popcorn definitely increases. B) marginal utility per dollar from popcorn definitely increases. C) total expenditure on popcorn definitely rises. D) entire total utility of popcorn curve definitely shifts rightward.
An example of permanent insurance is ________ insurance, and an example of temporary insurance is ________ insurance
A) term; variable life B) whole life; variable life C) whole life; term D) term; whole life
Developing countries might be unable to respond smoothly to changing international price signals because of
(a) a lack of government regulation. (b) an abundance of skilled labor. (c) inelastic supply curves. (d) limited foreign exchange.
When the U.S. economy is at its full-employment level, the unemployment rate is not equal to zero because:
a. cyclical unemployment is always present in a modern economy. b. of the statistical discrepancy. c. voluntary unemployment is always positive. d. frictional and structural unemployment are always present in a modern economy. e. there are always people who are too lazy to work.