Edward Chamberlin argued that governments should
a. ban the use of brand names.
b. not enforce the trademarks that companies use to identify their products.
c. vigorously enforce the trademarks that companies use to identify their products.
d. tax companies whose products have brand names in proportion to how much consumers recognize their products.
b
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A recession in the rest of the world means U.S
A) exports increase. B) aggregate demand decreases. C) potential GDP decreases. D) potential GDP increases. E) aggregate supply decreases.
Which of the following correctly describes the trend in U.S. union membership?
A) Union membership has been decreasing steadily since the 1930s. B) Union membership decreased from 1930 - 1960, but has been increasing steadily since. C) Union membership peaked in the 1960s and has been decreasing steadily since. D) Union membership declined until the 1980s, but has been increasing steadily since.
To examine a real-world issue, economists look at the real-world results to see how they differ from those of a free market
a. True b. False Indicate whether the statement is true or false
What happens to producer surplus and consumer surplus if transaction costs are reduced?
What will be an ideal response?