Growth in the United States from 1800 to 1900 can be characterized as
A) positive and increasing. B) negative.
C) positive and flat. D) positive and decreasing.
A
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When inflation is very low, how do workers and firms adjust their expectations of inflation?
A) They tend to ignore inflation. B) They are more aggressive in asking for wage and price increases. C) They rapidly adjust their expectations of inflation downward. D) They rapidly adjust their expectations of inflation upward.
In reference to funding industrywide advertising, if the majority of managers free ride, which of the following is likely to occur?
A) The industrywide marginal benefit of advertising will fall below its marginal cost. B) The industry will maximize its joint profit. C) The industrywide marginal benefit of advertising will equal its marginal cost. D) The industrywide marginal benefit of advertising will exceed its marginal cost.
To an economist, the field of industrial organization answers which of the following questions?
a. Why are consumers subject to the law of demand? b. Why do firms experience diminishing marginal productivities of their inputs? c. How does the number of firms affect prices and the efficiency of market outcomes? d. How can government intervention improve industrial production when externalities are present?
Higher deductibles for employer-provided health insurance will tend to shift the ________ curve for medical services to the ________
A) demand; left B) demand; right C) supply; left D) supply; right