The main rationale for government regulatory functions is

A) to regulate for-profit institutions.
B) to make sure that firms are maximizing profits.
C) to expand the scope of the government.
D) to protect consumer interests.

D

Economics

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Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in demand and an increase in quantity supplied are represented by a movement from

A) point b to point d. B) point d to point a. C) point c to point d. D) point b to point a.

Economics

In one week Alice can produce 5 pairs of shoes or 4 bookshelves while Roger can produce 10 pairs of shoes or 6 bookshelves. Alice has ________ advantage in producing ________

A) an absolute; shoes B) a comparative; shoes C) an absolute; bookshelves D) a comparative; bookshelves

Economics