The demand curve faced by a monopolistically competitive firms is
A) horizontal.
B) vertical.
C) downward sloping.
D) unitary elastic.
Answer: C
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In the table above, y is measured along the y-axis and x along the x-axis. The slope of the relationship between x = 0 and x = 2 is
A) -6. B) 2. C) 3. D) 6.
John has decided to view the solar eclipse tomorrow. The eclipse is an example of
A) a good. B) an economic good. C) a service. D) entrepreneurship.
The people in an economy have $10 million in money. There is only one bank that all the people deposit their money in and it holds 5% of the deposits as reserves. What is the money multiplier in this economy?
a. 5 b. 1 c. 20 d. 10
Between 1850 and 1950 the productivity of the average American farm worker
A. declined. B. remained about the same. C. doubled. D. quadrupled.