One of the clear effects of deregulation was
a. lower prices of many services.
b. increased entry of new firms into regulated industries.
c. lower income to unions working in regulated industries.
d. all of the above.
d
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When disposable income increases, saving will
A) not change. B) increase, and the supply of loanable funds curve shifts rightward. C) decrease, and there is a movement downward along the supply of loanable funds curve. D) increase, and there is a movement upward along the supply of loanable funds curve. E) decrease, and the supply of loanable funds curve shifts leftward.
As it relates to R&D, the imitation problem is that:
A. patents, copyrights, and trademarks hinder imitation and thus limit economically desirable diffusion. B. brand names create entry barriers for would-be competitors. C. diffusion of innovation occurs more slowly than is desirable from society's perspective. D. a firm's rivals may be able to copy its new product or process innovation, reducing the original firm's return on R&D.