Policies that preclude the deliberate creation of monopoly and undesirable practices are called
a. antitrust policies.
b. anti-monopoly policies.
c. anti-competitive policies.
d. socialism.
a
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Jack wants to buy a new house. But the surge in housing demand over the last few months has led to a sharp increase in housing prices making it impossible for him to afford one on his current income. This is an example of a ________
A) positive externality B) negative externality C) pecuniary externality D) conspicuous externality
Suppose that the Japanese yen appreciates significantly at some point, thus making Japanese imports more expensive. Japanese exporters may lower their profit margins to reduce the effect of the yen appreciation on U.S
importers, producing a phenomenon known as A) the J-curve. B) the absorption effect. C) pricing to market. D) international reserves compliance.
Who is hurt and who benefits from inflation? Why?
U.S. exports tend to increase when
A. foreign GDPs are falling. B. economic activity abroad is increasing. C. U.S. prices are rising compared to the rest of the world. D. the value of the dollar rises.