Along a short-run Phillips curve, a higher rate of inflation is associated with a lower unemployment rate.
Answer the following statement true (T) or false (F)
True
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A common property resource is:
A. a resource that only one person can use. B. a resource that anyone can use for a fixed fee. C. a resource that more than one person is free to use without payment. D. a resource that only one person can use free of charge.
To sell more units, a monopolist
A) simply moves across its horizontal demand curve to a larger quantity. B) moves down its demand curve to a lower price that will increase quantity demand. C) can continue to receive the same price it always has as long as it has its customers' goodwill. D) must be willing to lower the barriers to entry that have protected it.
If Country A can produce a good at a lower opportunity cost than Country B can,
a. there are benefits from trade b. Country A has an absolute advantage in producing the good c. economic efficiency has been achieved d. Country A does not have a comparative advantage in producing the good e. Country A can sell the good for a higher price abroad
Which of the following assets is most liquid?
A. Short-term government bonds B. Savings accounts C. Checking accounts D. Currency and coins