Some argue that the best response to monopolies is no response at all, because:
A. they are too powerful to be dealt with effectively.
B. no one can ever decide which monopolies to regulate.
C. the creation of regulation may be too difficult.
D. left unchecked, all monopolies eventually shut down.
C. the creation of regulation may be too difficult.
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Everything else held constant, a decrease in wealth
A) increases the demand for stocks. B) increases the demand for bonds. C) reduces the demand for silver. D) increases the demand for gold.
Which of the following is NOT an example of investment in human capital?
A) a medical student's internship B) the purchase of a personal computer for playing games C) A mechanic attends a training workshop on a new type of engine. D) Johnny learns how to read.
For which of the following products is the consumer's demand curve most likely to be vertical?
a. lobster, for a seafood lover b. cars, for high school students c. insulin, for a diabetic d. compact disks, for a music lover e. beef, for a food lover
Refer to the information provided in Figure 4.4 below to answer the question(s) that follow.
Figure 4.4Refer to Figure 4.4. At the world price of $125 per barrel of oil, the United States imports ________ million barrels of oil per day.
A. 4 B. 6 C. 8 D. 10