Use the following graph to answer the question.
What is the profit-maximizing quantity of output for this pure monopoly?
A. 180
B. 90
C. 0
D. 110
Answer: B
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Which of the following areas employed more workers as of 2016?
A. Educational and health services B. Business and professional services C. Retail trade D. Manufacturing companies
Use the figure above to answer this question. At a price level of 90
A) people will be forced to cut consumption so that aggregate demand will decrease. B) the aggregate quantity demanded exceeds real GDP and inventories will decrease. C) inventories increase and firms will increase production. D) the aggregate quantity demanded exceeds real GDP, inventories increase and the price level will rise.
Income is considered to be a
A) nontaxable stream of funds. B) flow. C) stock. D) resource.
The term barter refers to exchanges made:
a. only with the use of money. b. without the use of money. c. outside the U.S. economy. d. only in underdeveloped countries. e. within countries in a monetary union.