Those who believe that monopolies are both inevitable and undesirable would probably support price regulation

Countries that have experienced sustained increases in their standard of living have achieved them because of

A) higher rates of saving and investment. B) higher rates of population growth. C) sustained technological change. D) All of the above are correct.

The law of demand states that there is

A) an inverse relationship between income and quantity demanded, ceteris paribus. B) a direct relationship between income and quantity demanded, ceteris paribus. C) no relationship between taste and quantity demanded, ceteris paribus. D) an inverse relationship between price and quantity demanded, ceteris paribus.