What is the purpose of both deregulation and antitrust laws?
(A) To prevent monopolies.
(B) To prevent inefficient commerce.
(C) To promote government control.
(D) To promote competition.
Ans: (D) To promote competition.
Economics
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A problem encountered when implementing an "infant industry" tariff is that
A) domestic consumers will purchase the foreign good regardless of the tariff. B) the industry may never "mature." C) most industries require tariff protection when they are mature. D) the tariff may hurt the industry's domestic sales. E) the tariffs fail to protect the domestic producers.
Economics
Calculate the tax-adjusted user cost of capital of a machine that costs $10,000 and depreciates at a rate of 10%, when the real interest rate is 3% and the tax rate on revenue is 5%.
A. $1238 B. $1800 C. $1368 D. $1300
Economics