What we produce during our working time is ________ as part of GDP and the enjoyment we gain from our leisure time is ________ as part of GDP

There is no deadweight loss if the regulatory rule for a natural monopoly

A) is an average cost pricing rule. B) sets price at a level that enables the regulated firm to earn a specified rate of return on its capital. C) is a marginal cost pricing rule. D) prevents the firm from engaging in any form of price discrimination.

"Universal banking" can lower the risk of participating financial institutions if

A) there is high correlation in the returns of the permitted activities. B) there is low correlation in the returns of the permitted activities. C) there are firewalls between all the permitted activities. D) none of the customers of the institution are federally insured.