There's a basic tendency for monopolies to inhibit productivity advances and economic growth.
Answer the following statement true (T) or false (F)
True
Competitive industries tend to pursue cost reductions and product improvements relentlessly in the quest for greater profit. No such forces exist for the monopoly. Therefore, there is a basic tendency for monopolies to inhibit productivity advances and economic growth.
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In an economy with no government and no international trade, consumption expenditures will be less than the total value of goods and services when
A) people save some of their income. B) people barter rather than use money in making exchanges. C) saving is zero. D) investment is zero.
When a home builder decides to computerize all of its production schedule, it directly answers the ________ question
A) for whom B) what C) where D) how E) why
In the Keynesian consumption function, if current income is equal to zero, consumption spending is equal to ________
A) the marginal propensity to consume B) the average propensity to save C) autonomous consumption D) exogenous consumption
Which of the following guarantees the deposits in almost all banks up to a $250,000 limit per account?
a. the Federal Reserve b. the FDIC c. the U.S. Treasury d. Bank of America Corporation