Which of the following government activities is motivated by a concern about efficiency? Check all that apply.
A. Breaking up Standard Oil (which once owned 90% of all oil refineries) into several smaller companies
B. Imposing higher personal income tax rates on people with higher incomes
C. Providing some poor people with vouchers that can be used to buy food
D. Regulating cable TV prices
E. Prohibiting smoking in public places
F. Instituting laws against driving while intoxicated
Answer(s):
A. Breaking up Standard Oil (which once owned 90% of all oil refineries) into several smaller companies
D. Regulating cable TV prices
E. Prohibiting smoking in public places
F. Instituting laws against driving while intoxicated
You might also like to view...
The value of money for buying goods and services is known as
A) inflation. B) nomination. C) nominal income. D) purchasing power.
Consider a course with 40? students, some of whom are confused after the professor explains a concept. The professor? doesn't know whether students are? confused, but will clarify the concept if one student asks a question. A student who asks a questionlong dashand reveals his or her confusionlong dashloses 8 utils. When the professor clarifies the concept in response to a? question, each confused student gets a benefit of 1 util.
Ch 15 Homework. Please Help
The rapid growth of the temporary-help industry
A. could decrease the natural rate of unemployment. B. has not affected the unemployment rate since part-time workers are counted as fully employed. C. has enabled employers to fill job vacancies more easily. D. All of the choices are correct.
If the marginal product curve is intersecting the average product curve, we know that
A. the average variable cost curve is intersecting the average total cost curve. B. the average total cost curve lies above the marginal cost curve. C. the marginal cost curve is intersecting the average variable cost curve. D. the marginal cost curve is intersecting the average fixed cost curve.