If the value of your debt is decreasing over time, we know that:
A. the real interest rate is negative.
B. the real interest rate is positive.
C. the real interest rate is zero.
D. inflation is zero.
Answer: A
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Expansionary fiscal policy in an open economy
A. leads to a balance of trade surplus. B. decreases America’s capital account surplus and the current account deficit by the same amount. C. increases both America’s capital account surplus and current account deficit by equal amounts. D. increases America’s capital account surplus more than it increases the current account deficit.
If a firm in an industry experiences very high fixed costs and constant marginal cost, it is a good candidate for a natural monopoly
Indicate whether the statement is true or false
All these are characteristics of a monopoly except,
a. There is one seller of the product b. Has few substitutes c. Controls a large share of the market d. Controls a small share of the market
Refer to the information provided in Figure 5.3 below to answer the question(s) that follow.
Figure 5.3Refer to Figure 5.3. Use the midpoint formula. If the price of a gardenburger decreases from $9 to $8, the price elasticity of demand equals ________ and demand is ________.
A. -19.0; inelastic B. 6.33; elastic C. -0.16; inelastic D. -6.33; elastic