America’s antitrust laws are used to protect competition against possible encroachment by monopoly. This is an example of government as

A. regulator of businesses.
B. buyer of goods and services.
C. tax collector.
D. redistributor.

Answer: A

Economics

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Using the midpoint method, if the price of an airline ticket from Orlando to Pittsburgh falls from $275 to $238, the percentage change in price is

A) 1442 percent. B) 14.42 percent. C) 15.54 percent. D) 13.45 percent. E) 68.00 percent.

Economics

If the wage rate paid in the fast-food outlets in a small town is greater than the reservation wage of all the teenagers in the town and less than the reservation wage of all the adults, then the fast-food outlets will hire ________

A) mostly adults and a few teenagers B) some adults and some teenagers C) only adults D) only teenagers

Economics