Which of the following statements correctly characterizes nationalization in the U.S.?
A. The U.S. does not ever follow a policy of nationalization because that would run counter to our capitalist economy.
B. The U.S. has a history of nationalization, much of which was temporary.
C. The U.S. has mostly nationalized industries, including Amtrak and the United States Postal Service.
D. In times of crisis, the U.S. government has nationalized certain industries and those industries have remained permanently nationalized for the protection of the workers and consumers.
Answer: B
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
All of the following have played a role in reducing union strength since 1970 except
a. rising service sector employment. b. foreign industrial competition. c. the Supreme Court's decision to apply antitrust laws to union organization efforts. d. "right-to-work" laws.
When firms negotiate price and market share among themselves in a way that is designed to limit competition, this practice is called
a. horizontal cartelization b. conspiracy to merge c. anticapitalism d. collusion e. illicit conglomeration
The government would challenge any merger in an industry if (i) the post-merger Herfindahl index would exceed 1,000, and (ii) the merger would increase the index by more than 100 points
Indicate whether the statement is true or false