Economic regulation occurs when:
A. monopoly is the optimal market structure.
B. the industry is highly competitive.
C. the product is important to economic welfare.
D. the government owns the assets of the industry.
Answer: A
Economics
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What would happen to measured GDP if more people started hiring workers to do house chores such as cooking and cleaning?
What will be an ideal response?
Economics
If inflation is 10% and the nominal interest rate equals 16.6% the real interest rate is equal to
A) 6.6%. B) 6%. C) -6.6%. D) zero.
Economics