The government tries to protect the competitive economic system by passing and enforcing
A. antitrust laws.
B. building codes and zoning laws.
C. price controls.
D. tariff legislation.
Answer: A
You might also like to view...
The exchange rate between the dollar and the Swiss franc is $1 = 4 francs and the price of an imported Swiss box of chocolates is $5. If the exchange rate changes to $1 = 2 francs, the dollar price of the Swiss chocolates
A. rises to $20. B. falls to $2.50. C. rises to $10. D. does not change.
A regime change is a change in:
A. monetary policy. B. the entire atmosphere within which the government and the economy interact. C. fiscal policy. D. one aspect of government policy.
If a consumer receives 22 units of marginal utility for consuming the first can of soda, 20 units from consuming the second, and 15 from the third, the total utility of consuming the three units is
A) 57 utils B) 35 utils. C) 15 utils. D) unknown as more information is needed to determine the answer.
A(n) ________ is most easily shifted.
A. tax on gasoline B. property tax C. income tax D. tax on pineapples