Governments can eliminate market failure due to an imperfectly competitive market by
A) changing the market structure, for example by eliminating monopoly protection.
B) having the government own the monopoly.
C) imposing regulations that reduce prices.
D) All of the above.
D
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Flora's Flower Shop bought a new van for $23,000. Today, the market price of this van is $11,000. The economic depreciation of the van is ________
A) $23,000 B) $12,000 C) $11,000 D) $34,000
Marginal benefit curves slope
A) upward because of increasing opportunity cost. B) upward, but not because of increasing opportunity cost. C) downward because of increasing opportunity cost. D) downward, but not because of increasing opportunity cost.
The Taylor rule is an example of a rule-based monetary policy system
Indicate whether the statement is true or false
Which of these events would indicate a movement along a supply curve for batteries?
a) Workers at a major battery factory go on strike and stop production b) A new law requires battery manufacturers to spend more money on environmentally-sound trash disposal c) Battery manufacturers raise the price of eight AA batteries from $3.50 to $3.95 a set. d) A new trade agreement enables stores to import foreign batteries