In the United States, monopoly regulation began primarily because:
a. there were no natural monopolies in the real world.
b. the government wanted to promote other forms of business practices.
c. monopolies did not typically follow occupational and safety rules.
d. monopolies tended to restrict output and raise prices.
e. most economists believed that the majority of industries were following the purely competitive model.
d
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In which of the following cases would the supply of loanable funds curve shift rightward?
A) Investment demand increases. B) The stock market booms, so people's wealth increases. C) In June, Sally learns that at year's end she will receive a bonus that will double her current salary. D) The economy moves into a recession. E) Joe is worried about cutbacks at his firm, so his expected future income falls.
Should I buy a new or a used copy of the textbook? According to the economic way of thinking, the person is asking about
A) economic efficiency. B) educational efficiency. C) scholastic efficiency. D) motivational efficiency. E) academic efficiency.