Which theory of regulation assumes that the industry wants to be regulated, in order to reduce competition and achieve cartel-like conditions?
A. Public interest theory
B. Legal cartel theory
C. Price fixing theory
D. Public ownership theory
B. Legal cartel theory
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Use the information in the table above to calculate the value of government saving
A) $15 million B) -$5 million C) $5 million D) $45 million
Inequality is often the result of higher levels of work and productivity
a. True b. False
Given an upward sloping aggregate supply curve, which of the following changes in the aggregate demand curve is observed when the Fed reduces the money supply?
a. The aggregate demand curve shifts leftward, lowering real GDP and the price level b. The aggregate demand curve shifts leftward, raising real GDP and the price level. c. The aggregate demand curve shifts leftward, lowering real GDP but raising the price level. d. The aggregate demand curve shifts rightward, raising real GDP and the price level. e. The aggregate demand curve shifts rightward, lowering real GDP but raising the price level.
During 2007, the United States and Japan announced possible limits on Chinese imports through higher tariffs on Chinese products. To avoid these limits, China would have had to:
A. decrease the value of the yuan and increase its trade surplus. B. increase the value of the yuan and increase its trade surplus. C. decrease the value of the yuan and decrease its trade surplus. D. increase the value of the yuan and decrease its trade surplus.