Laissez-faire implies a hands-off approach to the market by the government
Indicate whether the statement is true or false
T
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In an apolitical world with a constant tax rate and program characteristics, the rate of return on Social Security contributions is equal to the growth in national income
a. True b. False
Although it may be difficult to draw causal relationships, still statistical evidence shows that, over time,
a. there is no relationship between levels of saving and economic growth b. there is an inverse relationship between levels of saving and economic growth c. higher levels of saving are associated with lower levels of economic growth d. lower levels of saving are associated with lower levels of economic growth e. lower levels of saving are associated with higher levels of economic growth
Airline deregulation led to the demise of many smaller airlines but large carriers were not materially affected.
Answer the following statement true (T) or false (F)
A barrier to entry that significantly contributes to the establishment of a monopoly would be:
A. patents. B. price-taking behavior. C. diseconomies of scale. D. X-inefficiency.