Which of the following is a primary concern of social regulation?
A. Price fixing
B. Per se violation
C. Product design
D. Industry concentration
C. Product design
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Refer to Table 2-14. What is Ireland's opportunity cost of producing one guitar?
A) 0.2 motorcycles B) 5 motorcycles C) 8 motorcycles D) 32 motorcycles
Using the ISLM model, show graphically and explain the effects of a monetary contraction. What is the effect on the equilibrium interest rate and level of output?
What will be an ideal response?
What is/are the advantage(s) of the gold standard?
(a) The government can print money as required by cyclical fluctuations in domestic markets. (b) Floating exchange rates. (c) It requires monetary discipline. (d) All of the above.
The local government is holding an auction for a contract to build a new multi-deck parking lot downtown. If the government has a policy to release its own cost estimates of the work to the auction participants, the participants will have ________ confidence in their own cost estimates and will submit ________ bids.
A) less; lower B) more; lower C) less; more D) more; higher