Truck regulation was needed in the 1930s because of economies of scale in trucking
Indicate whether the statement is true or false
F Truck regulation was introduced because otherwise truck competition would have destroyed the value-of-service pricing railroads used to cover their substantial fixed costs.
Economics
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In the two-period model with production, an increase in anticipated future total factor productivity
A) has no effect on domestic output, but reduces the current account surplus. B) increases domestic output and increases the current account surplus. C) reduces domestic output, and increases the current account surplus. D) has no effect on domestic output, but increases the current account surplus.
Economics
"Mere size is no offense" is an antitrust ruling based on the rule of reason
a. True b. False
Economics