Cab drivers operating from JFK Airport to the City of New York legally must charge a specific fare. This is an example of

A. social regulation.
B. the rate of return test.
C. economic regulation.
D. the market share test.

Answer: C

Economics

You might also like to view...

Government farm subsidies in the U.S. reflect

a. the lack of urban population political clout b. the adverse market consequences that could undermine farm stability and the national economy c. the need for farmers to supply agricultural products in the world market d. the U.S. Constitution that mandates farm subsidies e. the concern that American food supply is unreliable

Economics

Environmental destruction is peculiar to centrally planned economies

a. True b. False Indicate whether the statement is true or false

Economics