--%>

Consumers and corrupt governmental processes

I have a problem in economics on Consumers and corrupt governmental processes. Please help me in the following question. John Kenneth Galbraith believes that the big corporations: (1) Must be broken up to the foster competition. (2) Manipulate the consumers and corrupt the governmental processes. (3) Suppress the technological growth. (4) Give socially advantageous advertising.

Choose the most correct answer from the above.

   Related Questions in Microeconomics

  • Q : Analytic Time-Short Run I have a

    I have a problem in economics on Analytic Time-The Short Run. Please help me in the following question. In short run: (1) At least one resource is fixed. (2) Firms can enter or exit the industry. (3) Economies of the scale are present. (4) Total fixed cost rises with

  • Q : Entrepreneurs explicit costs The

    The entrepreneur’s explicit costs would comprise: (1) Forgone interest on owner’s savings. (2) Value of entrepreneur’s labor. (3) Interest payments on the business loans. (4) Lost salaries from the entrepreneur’s preceding job.

  • Q : Moral Hazard evidence Cameron is

    Cameron is performing a research project on whale migration at Pacific Ocean. To assist with this research she hires a Ph.D. from the MIT to make computer software to organize data, paying the software genius $150,000 for his services. The Ph.D. assures Cameron that t

  • Q : Workers volunteered to work in purely

    Even though workers volunteered to work as "for free", such purely competitive firm would never hire more than: (i) L2 workers. (ii) L3 workers. (iii) L4 workers. (iv) L5 workers. (v) L6 workers.<

  • Q : Problem on positive quantity Supply The

    The law of supply defines that, other things equivalent: (1) Quantity supplied differs inversely with price. (2) A good’s supply is positively associated to its demand. (3) Quantity supplied is positively associated to price. (4) Prices and cost

  • Q : Bonding of Paying in Investment When

    When the price of a financial asset is $1,000 and the interest rate is 10 percent, in that case investment is not justified for: (1) a perpetuity paying $100 annually. (2) an income stream paying $500, $400, and $300, respectively, at the ends of all

  • Q : Breaking natural monopoly Breaking a

    Breaking a natural monopoly within a number of competing firms would probably: (w) increase output and lower price to consumers. (x) reduce output and raise price to consumers. (y) reduce efficiency but lower price. (z) have no effect on output or pri

  • Q : Market structure of oligopoly firm

    Assume that a firm is conscious which rival firms will adjust to counter any changes in the firm’s policies and accordingly, the firm behaves strategically while this sets prices, terms to customers or output levels. That a firm is operating in a market

  • Q : Multinational corporations Give the

    Give the answer of following question. Multinational corporations: A) mainly are headquartered in Switzerland. B) are so named because of their heavy export volume. C) are illegal under the U.S. antitrust laws. D) are so named because of their sizable foreign producti

  • Q : Example of determining new equilibrium

    As per such supply and demand curves for peanuts, there is the: (w) demand for peanuts has fallen. (x) price rises to P1 due to better peanut technology. (y) production of peanuts was initially Q0. (z) new equilibrium price of pe