Industrial policy is an effort by a government to:
A. identify the most profitable industries in the world, and adopt them in their country.
B. control markets that are industrial.
C. regulate prices in particular industries.
D. favor some industries over others.
Answer: D
Economics
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Based on the above scenario, is the industry in the long run equilibrium?
a. yes, because all firms are producing at P=MR=MC b. no, because the price is still greater than the minimum average total cost. c. cannot answer because need information on MR d. cannot answer unless we see that the market lets some firms enter and/or some firms exit.
Economics
In the U.S., health and Medicare account for _____ of all federal spending
a. 29% b. 24% c. 17% d. 6%
Economics