The U.S. Postal Service enjoys a monopoly position because of patent rights.
Answer the following statement true (T) or false (F)
False
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Which of the following has been one of the most productive sectors of the U.S. economy through the 19th, 20th and 21st centuries?
A. Textiles B. Steamships C. Steel D. Agriculture
The Fed is considering eliminating
A) primary credit lending. B) secondary credit lending. C) seasonal credit lending. D) its lender of last resort function.
Which answer best describes how economists suggest we deal with monopolies and oligopolies?
a. We should regulate them all until the markets become competitive. b. We should leave them alone. c. Those firms should be nationalized. d. We should fully enforce all antitrust laws. e. There is no consensus among economists on this issue.
As disposable income decreases, the:
A. Average propensity to consume increases B. Average propensity to consume decreases C. Level of consumption increases D. Level of saving increases