Gross federal debt as a percentage of GDP has
a. increased dramatically in the early 1990s
b. decreased dramatically in the early 1990s
c. decreased somewhat between 1995 and 2005
d. increased dramatically in the late 1990s
e. decreased dramatically in the late 1990s
C
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The capture theory of regulation is defined as
A) the use of regulations to assure the efficient use of resources. B) the constant reapplication of regulation on the cable TV industry. C) the use of regulation to assist producers to maximize profits. D) the removal of regulations on business activities. E) regulation that focuses on consumers' interests and ignores producers' interests.
Which of the following would cause the equilibrium price of apple juice to decrease and the equilibrium quantity of apple juice to increase?
A) a decrease in the price of apples B) an increase in the price of orange juice, a substitute for apple juice C) an increase in the price of apples D) a decrease in the price of granola bars, a complement for apple juice