What was the first federal government agency established to regulate business?
(a) The Federal Trade Commission
(b) The Securities and Exchange Commission
(c) The Federal Power Commission
(d) The Interstate Commerce Commission
(d)
Economics
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If supply is perfectly elastic in a consumer goods market, a per unit tax will always be inefficient unless the market demand curve for consumers is perfectly inelastic.
Answer the following statement true (T) or false (F)
Economics
A constant-cost industry is one in which:
A. the demand curve is horizontal. B. the long-run supply curve is horizontal. C. the short-run supply curve is horizontal. D. All of these
Economics