In the past, the Department of Transportation allowed airline mergers that gave the merged airlines market shares of 79 and 82 percent, respectively, in their hub cities. The concept the dot used to allow mergers where there was obvious concentration was most likely
A. the good trust principle.
B. contestability.
C. the efficient market principle.
D. the monopolistic competition principle.
Answer: B
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What features made England in the eighteenth century the place where the Industrial Revolution occurred?
What will be an ideal response?
A monetary system is what allows us to
a. earn a wage b. compare the costs of different goods and services c. invest in productive assets d. be productive e. consume today, rather than tomorrow
The notion that the demand for inputs depends on the demand for outputs is termed
a. inverse demand. b. derived demand. c. proportional demand. d. complementary demand.
In the classical IS-LM/AD-AS model, a beneficial productivity shock would ________ output, ________ the real interest rate, and ________ the price level.
A. increase; decrease; decrease B. decrease; decrease; increase C. increase; increase; decrease D. increase; decrease; increase