Which is the most accurate statement about Wal-Mart?
A. It proves the case that bigness is always bad.
B. It proves the case that bigness is always good.
C. Directly and indirectly it saves American consumers up to $100 billion a year.
D. It has used its monopoly power to force price increases.
C. Directly and indirectly it saves American consumers up to $100 billion a year.
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The figure above provides information about Light-U-Up Utilities, which is a natural monopoly that provides electricity. What is the area of deadweight loss when Light-U-Up is regulated and follows an average cost pricing rule?
A) acg B) degf C) deg D) There is no deadweight loss.
The adverse selection problem is least likely in which of the following occupations?
a. lawyer b. barber c. college professor d. marketing analyst e. manager
Plurality voting ___________ the ideal voting-system criteria.
A. meets all B. fails one of C. fails two of D. fails all of
Answer the following statement(s) true (T) or false (F)
1.Currency in the United States is backed by the gold standard. 2.Banks create money by paying interest on deposits. 3.bank that loans $1,000 to a borrower, who then deposits the money in a bank account, has created $1,000 in new money. 4.Banks use their secondary reserves to make loans. 5.A bank with a money multiplier of 4 receives a deposit of $12,000. From that deposit, it has the potential to create $48,000.