Marginal revenue for a single-price monopolist is
A) less than the market price.
B) equal to the market price.
C) greater than the market price.
D) equal to zero for all levels of output.
A
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Refer to the scenario above. Which country is likely to have lowest life expectancy at birth?
A) Eduland B) Techland C) Neoland D) Ritzland
A system of allocating scarce goods and services using some criteria other than price:
a. rationing b. price floor c. excess demand d. surplus e. equilibrium
GDP provides an indication of:
A. how much of a country's debt is external rather than internal. B. how big a national debt a country can handle. C. how much interest will have to be paid on the national debt. D. the inflation-adjusted burden of a country's debt.
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease