The regulation of natural monopolies is common in all of the industries except the:
A. natural gas industry.
B. tap water industry.
C. electricity industry.
D. oil and gas industry.
Answer: D
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Which of the following would be considered a marginally attached worker?
i. Lou, who worked 15 hours unpaid at her mother's store last month ii. Sylvia, who is not working and hasn't looked for work in 3 months iii. Meredith, who is no longer working after taking early retirement from her employer. A) ii only B) i, ii and iii C) i and ii D) i and iii E) i only
Which of the following statements is (are) correct?
a. Both the monetarists and classicists agree that output is completely supply determined, even in the short run b. The monetarists do not agree with the classical position that monetary policy cannot be used to influence output. c. According to both the monetarists and the classicists, output is determined by demand side factors in the short run d. None of the above
In 1998, adjusted for inflation, crude oil and gasoline prices were
A. about average. B. quite low. C. slightly above average. D. quite high.
(Last Word) The "after this, therefore because of this" fallacy states that:
A. because event A precedes event B, A is necessarily the cause of B. B. the very attempt to accomplish a certain objective may create conditions that prohibit the achievement of that objective. C. events may drastically alter plans; one's intentions and actual accomplishments may differ considerably. D. generalizations that are accurate at the level of microeconomics may be inaccurate at the level of macroeconomics.