Which of the following industries was not deregulated during the 1970s and 1980s?
a. airline industry
b. auto industry
c. banking industry
d. trucking industry
b. auto industry
You might also like to view...
A factor market is a market in which
A) households buy goods and services. B) households sell the services of the factors of production they control. C) firms sell the services of the factors of production. D) firms sell goods and services.
Marginal revenue is less than price for price searchers
A) because they are monopolists. B) because they necessarily have some costs. C) if they enjoy grants of legal privilege. D) when they cannot charge all customers the maximum they are willing to pay for each unit purchased. E) when they have the ability to practice price discrimination.
Alice and Alan live in apartments in the same building. When Alan’s apartment catches on fire, the fire department responds, saving his apartment and Alice’s, too, by preventing the fire from spreading. This is an example of how a public good is:
a. nonrivalrous. b. noncooperative. c. nonexcludable. d. nonpartisan.
Although popular opinion frequently portrays trade deficits (actually, account deficits) as "bad," can you present economic reasons why a trade deficit might be considered "good"?