All of the following are reasons a government might choose to protect monopoly rights in an industry except:
A. because it is in the public's interest to do so.
B. to encourage innovation.
C. to increase consumer surplus beyond what is achieved through competition.
D. to benefit insiders.
Answer: C
Economics
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A) 5.0. B) 2.5. C) 4.0. D) 10.0.
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According to Okun's law, if output grew 1% and full-employment output rose 3%, what would be the change in the unemployment rate?
A) -2 percentage points B) -1 percentage point C) 1 percentage point D) 2 percentage points
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