Regulation of enterprises by the government has always been found to make the market more efficient. ...

Regulation of enterprises by the government has always been found to make the market more efficient.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 2

The United States is the largest consumer and importer of grains and other agricultural output in the world.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 3

To maximize satisfaction, the consumer must reach the lowest indifference curve that can be reached with a given level of income.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 4

A regulated natural monopoly is allowed to set a price which will enable it to earn an above-normal profit.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 5

According to the World Bank, developing countries greatly outnumber industrial countries.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 6

Any combination of goods beyond the budget line is not feasible.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 7

When a monopoly is regulated it is required to sell lower output at a lower price.
 a. True
  b. False
  Indicate whether the statement is true or false

QUESTION 8

If a corporation cannot pay its debts, creditors cannot seek payment from shareholders' personal wealth.
 a. True
  b. False
  Indicate whether the statement is true or false