Ralph Nader has long argued that large corporations in oligopolistic markets should use their vast productive powers to redress social ills. Implementing this policy may put companies:
A. in conflict with its trade unions.
B. in conflict with their international policies.
C. in conflict with the government.
D. in conflict with the process of wealth maximization.
Answer: D
You might also like to view...
Assume that the market clearing price for a shirt is $20, but that the maximum price that can be charged is $15. This is an example of
A) a price control that will lead to a surplus of shirts on the market. B) a price floor that will lead to a shortage of shirts on the market. C) markets failing to ration a fixed quantity of a good. D) a price ceiling that will likely lead to a shortage of shirts on the market.
The classical economists believed in all the following, EXCEPT
A. the crude version of the quantity theory of money. B. laissez faire. C. the sophisticated version of the quantity theory of money. D. Say's Law.
An decrease in the money supply will lead to a ______.
a. higher interest rate in the short run b. lower interest rate in the short run c. higher interest rate than the original in the long run d. lower interest rate than the original in the long run
In The Economy Tomorrow analysis in the text stated that thousands of people were waiting for a kidney transplant. Which of the following statements is true?
A. There is not an organ shortage. B. Allowing the sale of kidneys at a price greater than zero would likely increase the number of available kidneys. C. A price ceiling of zero is effectively a prohibition against donating organs. D. Allowing the sale of kidneys at a price greater than zero would decrease the number of available kidneys.