Which of the following was an implication of the U.S. government's Clean Air Act Amendments (CAAA) of 1977?
A) It acted as a barrier to entry.
B) It increased consumer surplus.
C) It reduced the profits of existing firms.
D) It reduced the market power of existing firms.
A
Economics
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When national output rises, the economy is said to be in
A) an expansion. B) a deflation. C) an inflation. D) a recession.
Economics
During the Great Recession of 2008, which of the following corporations generated the greatest profits?
A. Walmart B. Exxon C. Microsoft D. General Motors
Economics