The price system
A. sends signals to producers.
B. sends signals to consumers.
C. is based on supply and demand.
D. All of the choices are true about the price system.
D. All of the choices are true about the price system.
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The main purpose of antitrust law is to
A) prohibit monopoly practices such as restricting output. B) regulate advertising. C) encourage the formation of cartels. D) regulate the stock and bond markets.
According to influential moral philosopher Jeremy Bentham:
A. utility functions should provide cardinal information about preferences. B. the aim of public policy should maximize an individual's utility. C. utility functions should provide ordinal information about preferences. D. public policy decisions should be based on ordinal utility.
The United States is divided into __________ Federal Reserve districts, each with a district bank
A) three B) eight C) twelve D) twenty E) fifty
La Rossa Pasta Company is considering expanding its factory. In which case would both the change in the cost and the change in the interest rate each make it less likely that La Rossa's would expand?
a. a decrease in the cost of expanding and a decrease in the interest rate. b. a decrease in the cost of expanding and an increase in the interest rate. c. an increase in the cost of expanding and a decrease in the interest rate. d. an increase in the cost of expanding and an increase in the interest rate.