All of the following are examples of constraints faced by decision makers, except one. Which is the exception?
a. income for a consumer
b. natural resources for a firm
c. time for a laborer
d. consumer wants
e. wealth for a consumer
D
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Which of the following statements is correct?
a. Public ownership is preferred to regulation in order to minimize the dead weight losses associated with natural monopolies b. Antitrust laws are always the best way to limit monopoly power. c. It is possible that the best approach to monopolies is for the government to do nothing. d. Marginal-cost pricing requires a natural monopoly to earn zero economic profits..
Refer to Figure 4-8. What is the value of the portion of producer surplus transferred to consumers as a result of the rent ceiling?
A) $40,000 B) $100,000 C) $125,000 D) $140,000
International Reserve assets are comprised of gold, foreign exchange, and IMF special drawing rights
Indicate whether the statement is true or false
An increase in the real wage rate will cause
A) the labor demand curve to shift to the right. B) the labor demand curve to shift to the left. C) the quantity of labor demanded to rise. D) a movement along the labor demand curve.