Which of the following best describes the entire U. S. refreshment beverage market?
A) monopoly
B) oligopoly
C) monopolistic competition
D) perfect competition
C
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The CPI was 170 last year and is 190 this year. What is the inflation rate between these two years?
A) 20 percent B) 11.8 percent C) 18 percent D) 15.0 percent E) 10.5 percent
Which of the following types of mortgage loans became more common during the housing boom of the early-to-mid 2000s?
A) those with flawed credit histories B) thirty-year, fixed-rate mortgages C) prime Mortgages D) those with down payments of at least 20%
The fraction of each added dollar of income that is used for consumption is called the:
a. average propensity to consumer (APC). b. autonomous consumption rate (ACR). c. marginal consumption propensity (MCP). d. marginal propensity to consume (MPC).
If a seafood restaurant can raise the price of its fried shrimp without losing all of its customers, then the restaurant definitely
A.) has market power B.) Is experimenting economies of scale C. Is using predatory pricing D. has a monopoly