One way a government might protect monopoly rights is by:
A. granting a patent.
B. heavily taxing alcohol and cigarettes.
C. running unsubsidized state-owned enterprises that compete with private firms.
D. All of these are ways the government protects monopoly rights.
A. granting a patent.
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Which of the following would be an example of capital deepening?
(A) Laying off employees when a factory is modernized. (B) Moving a manufacturing plant overseas where labor costs are lower. (C) Paying for an employee to take college courses. (D) Permitting two workers to share one job.
The essence of the monetarists view on crowding out is that higher government spending which is not financed by new money creation simply
A) reduces private spending by an equal amount. B) decreases the demand for money. C) increases investment. D) increases aggregate demand in the in the long run.