The most immediate and direct effect of minimum price laws designed to prevent predatory pricing is to
A) guarantee profits to all sellers, large or small.
B) guarantee profits to large sellers exclusively.
C) guarantee profits to small sellers exclusively.
D) preserve competition without guaranteeing profits.
E) prevent competition without guaranteeing profits.
E
Economics
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If we take into account transfer payments (TR) when we derive the saving and investment relationship, the saving and investment equation becomes
A) S = I + NFI + TR. B) S + TR = I + NFI. C) S = I + NFI. D) S = I + NX - TR.
Economics
A mathematical summary of inequality based on the Lorenz curve is known as the
A. Income distribution share. B. Gini coefficient. C. Okun coefficient. D. Lorenz coefficient.
Economics