The television network newscaster reports that the national inflation rate the past year equaled 4 percent. This report would be of particular interest to a
A. microeconomist.
B. normative economist.
C. macroeconomist.
D. social science economist.
Answer: C
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Refer to Monopoly Problem. This monopoly will receive producer surplus of
Consider a monopoly with constant marginal costs of $20. Consumers in the market for this monopoly’s product have demand of Q = 100 - 2P. a. $0 b. $225 c. $450 d. $900
An open market sale of bonds by the Federal Reserve will lead to an increase of reserves in banks
Indicate whether the statement is true or false
Think birth rate and growth in GDP per capita. A major reason that China adopted a one- child-per-family policy was that
a. it had to comply with United Nations standards to qualify for economic aid b. its per capita income would increase if the population growth moderated c. people were migrating to urban centers and there was insufficient housing for them d. resources could be diverted to military: a simple case of guns and butter e. it chose the big-push development strategy, which includes family planning
Which of the following is not true about government spending on national defense?
a. It is the third-largest spending category for the U.S. federal government. b. It includes salaries of military personnel. c. It fluctuates over time as the political climate changes. d. It is not financed with tax revenue.