The principal objective of industrial regulation is to:
A. Increase product safety
B. Promote improvements in the quality of life
C. Protect the consuming public from the market power of natural monopolies
D. Solve problems associated with industry such as the problems of water and air pollution
C. Protect the consuming public from the market power of natural monopolies
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Suppose $1 = 120 yen in New York, $1 = 2 euros in London, and one euro = 75 yen in Tokyo. A speculator with $1 million would get a profit of __ by engaging in a 3-point arbitrage.
a. $1.20 b. 150,000 yen c. $250,000 d. $1.25 million
The capital account of the balance of payments consists of
A. the long-term transactions that we conduct with foreigners. B. all the goods and services produced during the current year, which we buy from or sell to foreigners. C. the interest, dividends, and profits that the U.S. collected from foreign investments less what U.S. firms paid foreign investors. D. None of these statements are true.