A local utility is an example of
A. perfect competition.
B. oligopoly.
C. monopoly.
D. monopolistic competition.
Answer: C
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The slope of a nonlinear curve
A) changes along the curve. B) is constant. C) is negative. D) is zero.
Under the Patient Protection and Affordable Care Act (ACA), every company with more than 200 employees must offer health insurance to its employees and must automatically enroll them in the plan
Indicate whether the statement is true or false
In which country is the central bank more independent than the Federal Reserve?
A) Germany B) Japan C) Great Britain D) All of the above.
If a $1,000 increase in income leads to an $800 increase in consumption expenditures, then the marginal propensity to consume is
a. 0.2 and the multiplier is 1.25. b. 0.8 and the multiplier is 5. c. 0.2 and the multiplier is 1.25. d. 0.8 and the multiplier is 8.