Which of the following is not an example of Joel Waldfogel's "Tyranny of the Market"?
a. A daily newspaper tailored to appeal to the majority of readers in an area.
b. Nike creating specialized shoes for American Indians' wider feet.
c. Pharmaceutical companies spending research and development funds on drugs for common diseases.
d. Airlines offering daily direct flights from one large city to another.
b
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Use the following graph, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product, to answer the next question.
Sd + Q is the product supply curve after an import quota is imposed. A tariff of Pt?Pc or an import quota of y?w will have the same effect on
A. the volume of imports. B. the revenues of domestic producers. C. the domestic price. D. all of these.
The federal agency that monitors and regulates the stock market is the
A. Chicago Mercantile Exchange. B. Securities and Exchange Commission. C. Department of Justice. D. Federal Trade Commission.
A market which firms can enter if they choose and exit without losing money invested is
a. pure monopoly. b. duopoly. c. contestable. d. a market where there are kinked demand curves.
Which types of expenditures (From the GDP formula) are entirely autonomous, according to Keynes?