Author Question: According to your authors, which action below clearly restricts competition? A) A large firm ... (Read 28 times)

student77 · **on:** Jun 29, 2018

According to your authors, which action below clearly restricts competition?

A) A large firm raises its price.
B) A large firm lowers its price.
C) Government deregulates an industry.
D) Antitrust legislation restricting other suppliers from entering into a market.

Question 2

Your textbook argues that the phrase the distribution of income is misleading because

A) income is not created in a market economy, only wealth is.
B) it suggests that income is not earned in process of its creation and can simply be parceled out any which way policymakers wish.
C) income in the form of wages and salaries can be negative, and therefore cannot be distributed.
D) it is only related to ethical rather than economic considerations.