New Deal environmental policies included all of the following except:
a. withdrawal of much of the public domain from private entry.
b. the use of the "soil bank" to encourage agricultural conservation.
c. projects such as the TVA that simultaneously protected many resources in a region.
d. the establishment of Yellowstone as a national park.
d. the establishment of Yellowstone as a national park.
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The multiplier-accelerator model was developed by
A) Paul Samuelson. B) classical economists. C) Walter Heller. D) John Maynard Keynes.
Under a rule of reason approach, which of the following would be legal in the United States?
a. The merger of two small companies in an unconcentrated market. b. Price fixing between IBM and Compaq. c. The merger between Ford and General Motors. d. Kellogg's and General Mills collude to drive Quaker Oats out of the business. e. Exxon Oil and Mobil Oil elect the same person to their boards of directors.
Two members of the Kenyan parliament from coffee-growing areas said that no firm should have a monopoly to market Kenyan coffee. The retail coffee company Tetu Coffee has sparked a storm in the industry by promising to earn the country Sh400 billion annually if given exclusive licenses to market Kenyan coffee. The members of parliament said the coffee bean farmers should be free to sell their beans to the highest bidder. Are the farmers in Kenya justified in being upset with having a single coffee buyer?
A. Maybe; the single buyer may reduce price but also will raise the quantity of coffee beans. B. Yes; the single buyer will reduce both the quantity and price of coffee beans. C. No; the single buyer will increase the price and quantity of coffee beans. D. Maybe; the single buyer may reduce quantity but also raise price of coffee beans.
The practice of dividing packages of debts into slices, each with different risk and return characteristics, is called:
A. bundling. B. leveraging. C. tranching. D. pooling.