Regulation might NOT increase total surplus because
A) the costs of the regulation might outweigh the benefits.
B) it may not be possible to gather the information necessary to set prices correctly.
C) regulators might get captured by the industry.
D) All of the above.
D
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What would not lead to an overall decrease in demand for air travel in the U.S.?
A) The fear of future terrorist attacks B) News of lengthy security delays at airports C) An expected decrease in airfares D) A substantial increase in bus and passenger train fares
The Keynesian model of aggregate demand includes:
I. government purchases and taxes. II. consumer spending and investment spending. III. exports plus imports. a. I b. I and II c. II and III d. I, II, and III
Why did it take almost 100 years before the United States had its own national currency?
What will be an ideal response?
In ________ the United States Congress passed the Sherman Antitrust Act.
A. 1787 B. 1890 C. 1914 D. 1950