If the exchange rate is $1 = 0.7841 euro, then a French DVD priced at 20 euros would cost to an American buyer (excluding taxes and other fees):

Macroeconomics is the branch of economics that studies economic aggregates for the economy as a whole

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

The legal cartel theory of regulation argues that:

A. regulation encourages firms to inflate their production costs. B. firms in certain industries want to be regulated rather than face the rigors of competition. C. social regulation has been carried beyond the point at which marginal benefits and marginal costs are equal. D. the government is the logical agency to protect consumers from natural monopolies.