Cradle-to-grave security is most common in ___________ countries.
A. Capitalist
B. Communist
C. Socialist
D. Fascist
C. Socialist
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As the case study in the text illustrates, individual firms in the potato industry have a great deal of market power
Indicate whether the statement is true or false
Which of the following statements provides the best description of one reason why regulation of an industry might not increase economic efficiency?
a. There are more employees of regulated industries than affected customers. b. Insufficient regulator pay makes it difficult to hire effective regulators. c. The regulated industry has stronger incentives to be involved in the regulation process than the general publi c. d. Regulated industries have too much economic power and can litigate away most regulation.
Every firm is constrained by the demand curve for the product it produces
a. True b. False
If the MPC is 0.6, then the MPS must be 0.4 for Macroland
Indicate whether the statement is true or false