A function of the Federal Trade Commission is to:
A. investigate instances of faulty and misleading advertising.
B. establish railway rates for interstate railroads.
C. ban or recall unsafe consumer products.
D. prevent insider trading in securities markets.
Answer: A
You might also like to view...
If the asset market is in equilibrium, the growth rate of the nominal money supply minus the growth rate of real money demand equals
A) the real interest rate. B) the inflation rate. C) the price level. D) the growth rate of real output.
A cold spell in Florida extensively reduced the orange crop, and as a result, California oranges commanded a higher price. Which of the following statements best explains the situation?
a. The supply of Florida oranges fell, causing the supply of California oranges to increase as well as their price. b. The supply of Florida oranges fell, causing the supply of California oranges to decrease and their price to increase. c. The supply of Florida oranges fell, causing their price to increase and the demand for California oranges to increase. d. The demand for Florida oranges was reduced by the freeze, causing an increase in the price of California oranges and a greater demand for them.
Average variable cost and average total costs get closer together as output increases because
A) diminishing returns set in. B) average fixed costs decrease as output increases. C) marginal costs decrease as output increases. D) economies of scale become apparent.
The price for the shutdown point is ________
A) $5.14 B) between $3.01 and $5.13 C) $3.00 D) between $0 and $2.99 E) greater than $5.15