The task of economic regulation is to:
A. protect monopoly profits.
B. approximate the results of the competitive market.
C. replace competition with government ownership.
D. increase competition within the market.
Answer: B
You might also like to view...
An example of a real-life rule that might constrain people's behavior is:
A. minimum wage legislation. B. having 24 hours in a day. C. the earth's limited supply of oil. D. All of these are examples of real-life rules.
Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and real GDP in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period rises, and real GDP rises. b. The quantity of real loanable funds per time period rises, and real GDP remains the same. c. The quantity of real loanable funds per time period and real GDP remain the same. d. The quantity of real loanable funds per time period rises, and real GDP falls. e. The quantity of real loanable funds per time period falls, and real GDP falls.
Refer to the accompanying table. Pat's opportunity cost of delivering a pizza is making: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. 3/2 of a pizza. B. 2/3 of a pizza. C. 12 pizzas. D. 10 pizzas.
When a group of workers finds that their job skills and work experience have become obsolete and are not needed by industry, this type of unemployment is:
a. Search b. Structural c. Frictional d. Cyclical