The industrial organization economics perspective assumes that the industry _____________ is the most important determinant of long-run profitability
a. Structure
b. Conduct
c. Performance
d. None of the above
a
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The health care system in Canada is referred to as ________, and is a system in which the provincial governments provide national health insurance to all Canadian citizens
A) a single-payer system B) a universal health insurance system C) socialized medicine D) a private health care system
If leisure is drawn on the horizontal axis and labor is drawn on the vertical axis, then a person who attaches more importance to leisure than to labor will have indifference curves that:
A. tend to be steeper. B. tend to be flatter. C. will be positively-sloped. D. will be L-shaped.
Using the expenditure method to estimate GDP, we would include:
A. consumption, investment, government purchases, and net exports. B. consumption, government revenues, durable goods, and net exports. C. consumption, investment, government purchases, and imports. D. consumption, investment, government purchases, and exports.
The Celler-Kefauver Act of 1950
A. declared every contract or conspiracy to restrain trade illegal. B. extended the language of the Federal Trade Commission Act to include "deceptive" as well as "unfair" competition methods. C. outlawed specific monopolistic behaviors such as tying contracts, price discrimination, and unlimited mergers. D. extended the government's authority to ban vertical and conglomerate mergers.