In the United States, which of the following is an example of a government-inhibited good?

In the United States, which of the following is an example of a government-inhibited good?
 
  A) museums
  B) concerts
  C) cigarettes
  D) sports stadiums

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Ques. 2

The textbook suggests that rent controls
 
  A) actually contribute to the housing boom in an area where they are applied.
  B) actually contribute to the housing shortage in the area where they are applied.
  C) are used in a government kickback scheme.
  D) have no effect on the local housing market.

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Ques. 3

Consider the statement, The number of beers consumed the night before a test affects the grade. In this statement
 
  A) beer is the dependent variable and test grade is the independent variable.
  B) beer is the independent variable and test grade is the dependent variable.
  C) both beer and grade are dependent variables.
  D) both beer and grade are independent variables.

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Ques. 4

Refer to the above figure. An unregulated natural monopolist would choose
 
  A) output rate of Q1 and price P2.
  B) output rate Q1 and price P5.
  C) output rate Q3 and price P3.
  D) output rate Q4 and price P1.

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Ques. 5

Deflation refers to a situation in which
 
  A) the inflation rate decreases.
  B) the average of all prices is falling.
  C) there is a recession and inflation.
  D) prices are not changing.

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Ques. 6

International investors are more likely to invest in countries
 
  A) where it is relatively easier to establish property rights to capital goods.
  B) where there is a significant amount of dead capital.
  C) which have a high amount of government inefficiency.
  D) where there are barriers to the ownership of capital goods.

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Ques. 7

For a firm to be economically efficient from society's point of view, it should produce to the point at which
 
  A) marginal cost equals marginal revenue.
  B) marginal cost equals average total cost.
  C) marginal cost equals price.
  D) average total cost equals price.