The largest efficiency gains from deregulation have occurred in the:
A. natural gas and cable television industries.
B. cable television and railroad industries.
C. communications and stock-brokering industries.
D. airlines, trucking, and railroad industries.
Answer: D
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If supply of a product increases and demand for the product decreases, equilibrium quantity will definitely change
Indicate whether the statement is true or false
A key assumption of Ricardo's economic rent concept was that
A) all land is equally productive. B) land is too differentiated to be able to measure. C) only land in large cities matters. D) land is always cheap and needs development.
A cottage industry is one that
a. produces rural housing b. takes advantage of the division of labor c. uses highly specialized resources in a complex production process d. produces cottage cheese e. carries out production in workers' homes
Supply-side economists try to increase the AS curve with all of the following policies except
A. Deregulation. B. Infrastructure development. C. Decreasing the supply of money. D. Tax incentives for saving, investment, and work.