Question : 36. Which of the following examples of natural monopolies? A. Electric : 1800968

36. Which of the following are examples of natural monopolies?

A. Electric utilities and railroads.

B. Cable television and the media.

C. Internet services and trucking.

D. None of the above.

37. Regulation can be argued as justified based on:

A. Collective market theory.

B. Utilitarian and justice grounds.

C. The life cycle of regulation.

D. Tradition.

38. Economic regulations:

A. Can only exist for 37 years unless renewed.

B. Apply only to older industries.

C. Always conflict with social regulation.

D. Cut across industry lines.

39. Which of the following is not an example of a social regulatory agency?

A. Consumer Product Safety Commission.

B. Equal Employment Opportunity Commission.

C. National Highway Traffic Safety Administration.

D. National Labor Relations Board.

40. An example of a regulatory agency charged with enforcing social regulation is:

A. Federal Aviation Administration.

B. Federal Trade Commission.

C. Federal Communications Commission.

D. Internal Revenue Service.

41. Total social regulation costs are:

A. Slightly higher than total economic regulation costs.

B. Slightly less than total economic regulation costs.

C. Significantly higher than total economic regulation costs.

D. Equal to total economic regulation costs.

42. Deregulation is often:

A. A politically popular idea.

B. A politically unpopular idea.

C. Seen during a Democratic federal administration.

D. Found in European countries but not in the United States.

43. Deregulation has occurred in the following industries:

A. Commercial airlines, sheet metal, and interstate trucking.

B. Commercial airlines, railroads, and financial institutions.

C. Commercial airlines, interstate trucking, and silicon chip manufacturing.

D. Financial institutions, railroads, and silicon chip manufacturing.

44. Reregulation is:

A. The adoption of regulation in another country to promote trade.

B. Necessary since all regulation has a time limit.

C. The increase or expansion of government regulation.

D. The shifting of regulation to the state level from the national level.

45. In 2012 the European Union imposed a carbon emissions fee on all airlines flying in and out of EU airspace that:

A. Successfully raised funds through fees to limit greenhouse gas emissions.

B. Garnered great support from the Chinese and U.S. governments.

C. Generated great opposition from more than two dozen countries.

D. Effectively eliminated green house gas emissions in its airspace.