The U.S. government restricts the production of peanuts by limiting production licenses. By also prohibiting imports, the government maintains prices well above levels peanut farmers would obtain if supply were not restricted. This program has the same effect as a

In the mini-case on pay-for-delay

A) incumbents are attempting to delay entry of generic drugs. B) the deals incumbents made with potential entrants may be illegal. C) the deals are only profitable for approximately six months. D) All of the above.

A decrease in autonomous consumption would have the same effect on the expenditures schedule as a(n)

a. decrease in investment. b. increase in government purchases. c. increase in net exports. d. decrease in taxes