In Figure 5.5, what profit would the monopolist earn? 
A. a positive profit
B. zero profit, because it would shut down
C. a loss less than its total fixed cost
D. a loss greater than its total fixed cost
Answer: C
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The natural unemployment rate is the result of
A) job search and job rationing. B) insufficient demand for labor. C) the Lucas Wedge. D) the Okun Ga
Use a J-curve to illustrate the effect on the current account of an exchange rate depreciation. Explain why the curve has the shape that it does
What will be an ideal response?
Refer to the data. DI is:
Answer the question on the basis of the following data. All figures are in billions of dollars.
A. $284.
B. $329.
C. $274.
D. $402.
In 1943-1945
A. there was substantial unemployment in the U.S. B. there was substantial excess plant and equipment in the U.S. C. the U.S. had not yet completed its recovery from the depression. D. the U.S. was temporarily operating at a point beyond the production possibilities frontier.