Which of the following statements supports deregulation of industries ?
A. Technological change has made it possible for many industries to become more competitive
B. Because few real natural monopolies exist, there is rarely a reason for government regulation.
C. Many instances of government regulation have succeeded in reducing competition in industries where competition may be beneficial
D. All of the above
Interventionist policies to restore regional imbalance focus on ?
A. subsidies to encourage firms that moves
B. tax concessions for firms that move.
C. improved infrastructure
D. all of the above
A. market-orientated economists
B. left-wing theorists
C. Keynesian.
D. new-Keynesian
Privatization is the transfer of ?
A. publicly held stock to private individuals
B. corporately owned businesses to individuals
C. government businesses to the private sector.
D. privately owned businesses to the government sector
Reaganomics was a radical shift in policy aimed at directly tackling ?
A. the charities economy
B. the demand side of the economy
C. the underground economy
D. the supply side of the country
A. there is no income effect when tax rates are changed
B. the income effect of a wage change is greater than the substitution effect of a wage change.
C. there is no substitution effect when tax rates are changed
D. the substitution effect of a wage change is greater than the income effect of a wage change