If monopolies are both inevitable and bad, which policy alternative will be least disruptive of all effective policy alternatives?
a. regulate prices
b. nationalize
c. laissez-faire
d. encourage concentration
e. split up the monopoly
A
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The net effect of savings of the asset substitution, induced retirement, and bequest effects combined is that people save ________they would have without Social Security.
A. slightly less than B. the same as C. more than
Answer the next question based on the following consolidated balance sheet for the commercial banking system.AssetsLiabilities + Net WorthReserves$50,000Checkable deposits$120,000Loans75,000Stock shares130,000Securities25,000 Property100,000 If the reserve requirement is 10%, and the above data is the balance sheet for the entire banking sector, then the maximum amount by which the commercial banking system can expand the supply of money by lending is
A. $120,000. B. $380,000. C. $700,000. D. $440,000.
To calculate value added, we need to subtract
A) only the cost of domestically-produced intermediate inputs. B) only the cost of foreign-produced intermediate inputs. C) the cost of domestic- and foreign-produced intermediate inputs. D) total imports.
If the demand for a commodity is perfectly elastic, a downward shift in supply will result in lower prices
Indicate whether the statement is true or false