A monopolist sells a lesser quantity at a higher price compared to a perfect competitor
a. True
b. False
Indicate whether the statement is true or false
True
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The first money issued by a United States' governmental authority were
a. bank notes issued by the United States Treasury 1766, 10 years before the founding of the Republic b. silver certificates issued by the Federal Reserve on the eve of the American revolution c. Continental Notes issued by the Continental Congress to finance the Revolutionary War d. greenbacks issued by the Treasury to finance the War of 1812 e. gold certificates issued by the Federal Reserve during American revolution
?Wind ChimesSun DialsDeena912Artie68 Table 3.4Consider two individuals, Artie and Deena, who produce wind chimes and sun dials. Artie's and Deena's weekly productivity are shown in Table 3.4. Which of the following is true?
A. Artie has a comparative advantage in producing wind chimes but not sun dials. B. Artie has a comparative advantage in producing sun dials but not wind chimes. C. Artie has a comparative advantage in producing both goods. D. Artie does not have a comparative advantage in producing either good.
To an economist, "investment" in the GDP accounts means purchases of new final goods and services by firms
Indicate whether the statement is true or false
Based on the table above, equilibrium real GDP is
A) $6 trillion. B) $7 trillion. C) $9 trillion. D) $8 trillion. E) $10 trillion.