Which of the following is NOT an example of raising rivals' fixed costs?
A. Federal Express lobbying the U.S. Department of Transportation to increase annual terminal fees.
B. Existing doctors in a particular medical field lobby to require new doctors to acquire new licenses.
C. Yellow Cab Company lobbying New York City government officials for an ordinance that would require all taxi cab drivers to pay for a medallion, giving them the right to drive a cab in New York City.
D. The New York Port Authority lobbying to increase the tolls on New York City's George Washington Bridge.
Answer: D
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C = $40 million + 0.6(1 - 0.2)Y I = $35 million G = $31 million NX = -$6 million Based on the above data, the equilibrium level of GDP is
A) $113.6 million. B) $192.3 million. C) $208.3 million. D) $833.3 million.
The increased costs of transactions caused by inflation are known as _____
a. menu costs b. shoe-leather costs c. unit-of-account costs d. direct costs