Affirmative action programs serve three purposes. Which of the following is not one of those purposes?
A) Address current issues of discrimination.
B) Enhance diversity in places where it is of particular value.
C) Redress past wrongs.
D) Guarantee employment regardless of qualifications.
D
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If the price of gasoline increases, what will be the impact in the market for public transportation?
A) The quantity of public transportation demanded decreases. B) The quantity of public transportation demanded increases. C) The demand curve for public transportation shifts to the right. D) The demand curve for public transportation shifts to the left.
If government regulation sets the maximum price for a natural monopoly equal to its marginal cost, then the natural monopolist will
a. earn economic losses. b. earn economic profits. c. earn zero economic profits. d. produce a lower quantity of output than is socially optimal.