The author of An Inquiry Into the Nature and Causes of the Wealth of Nations was
A) Duncan Bradstreet.
B) Dow Jones.
C) John Maynard Keynes.
D) Karl Marx.
E) Adam Smith.
E
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Which type of merger is most likely going to decrease competition in an industry?
a. incomplete merger b. hostile merger c. conglomerate merger d. horizontal merger e. vertical merger
Refer to the table at right. If the price of the product is? $1.50, and the marginal factor cost of an additional unit of an input is? $105, how many units of labor should be? hired?
A. 12
B. 11
C. 14
D. 13
Exhibit 17-4 Short-run and long-run Phillips curves
Suppose the economy in Exhibit 17-4 is at point E1, and the Fed increases the money supply. If people have rational expectations, then the economy will move:
A. to point A in the short run and point B in the long run. B. directly to point B. C. to point C in the short run and point D in the long run. D. directly to point D.
Why might a system of marketable pollution permits lead to a higher concentration of polluted areas than would a command-and-control system?
What will be an ideal response?