A public utility would be an example of
A. a natural monopoly.
B. an unnatural monopoly.
C. an unregulated private monopoly.
D. a competitive monopoly.
A. a natural monopoly.
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How does an increase in government spending affect the aggregate expenditure line?
A) It shifts the aggregate expenditure line upward. B) It increases the slope of the aggregate expenditure line. C) It shifts the aggregate expenditure line downward. D) It decreases the slope of the aggregate expenditure line.
The way in which most persons pay their personal income tax is in the form of
a. quarterly payments throughout the year. b. annual payment by April 15. c. monthly payments as part of mortgage payments. d. payroll withholding during the year.
If the credit markets were segmented:
a. It would be relatively easy to arbitrage securities of different maturities, because discrepancies in real and nominal interest rates would be so obvious. b. Persistent differences between real and nominal interest rates could continue for extended periods of time. c. The yield curve would be upward-sloping. d. The yield curve would be downward sloping. e. Potential, arbitrageable differences between the yields on securities of different maturities could continue for extended periods of time.
The potential harm one person might do to another person through accidental, negligent, or purposeful injury is
A. always reflected in equilibrium prices in perfectly competitive markets. B. always central to the concept of 'civil liability'. C. easily incorporated into private contracts between willing buyers and sellers. D. always neglected in equilibrium prices in perfectly competitive markets.