A rise in the price level because of an increase in the money wage rate
What will be an ideal response?
might trigger cost push inflation
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Which of the following is LEAST likely to be a monopoly?
A) the holder of a public franchise B) a pharmaceutical company with a patent on a drug C) a store in a large shopping mall D) an artist who owns a copyright for a painting
If an increase in income leads to a decrease in the demand for popcorn, then popcorn is
A) a necessity. B) a normal good. C) an inferior good. D) a neutral good.
The EU Emission Trading Scheme created a market for
A) permits to emit greenhouse gases. B) cigarettes. C) marijuana. D) devices that lower the global temperature.
Once a division manager sees that production goal for a time period is likely to be met
a. he has an incentive to increase the pace of production b. he has an incentive to decrease the pace of production c. he does not have an incentive to change the pace of production d. he has an incentive to produce other products