According to Hughes and Cain (2011), all of the following have been primary motives throughout American history for government regulation except
(a) the existence of monopoly power
(b) quality control of products and services
(c) funding of government activities through taxation
(d) raising wages and improving working conditions
(a)
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A firm that faces a high-demand period followed by a low-demand period must determine all of the following for peak-load pricing except which one?
A) long-term peak quantity B) long-run capacity C) short-term off-peak price D) short-term peak price
A price floor would be established in cases where the government believed the market equilibrium price would:
a. result in a surplus. b. be too high. c. result in a shortage. d. be too low. e. yield excess profits.
As a general rule, free trade:
A. acts to equalize the supply of and demand for factors of production across countries. B. increases the supply of factors that are domestically scarce. C. causes factor prices to converge across countries. D. All of these are true.
A tight monetary policy does all of the following, except
A. raise interest rates. B. drive up the dollar relative to foreign currencies. C. raise net exports. D. increase imports.