In 2017 how much could a wheat farmer borrow for every bushel of wheat relinquished to the Commodity Credit Corporation (CCC)?
A. $1.95.
B. $3.00.
C. $2.94.
D. $5.00.
Answer: C
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When the price level rises more than expected, a firm with a sticky price will sell its output at a price that is
a. less than it desires and increase its production. b. less than it desires and decrease its production. c. more than it desires and increase its production. d. less than it desires and decrease its production.
Suppose two Cournot duopolist firms operate at zero marginal cost. The market demand is p = a - bQ. Each firm will produce
A) a/b. B) a/2b. C) a/3b. D) a/4b.
The New Deal policies both relieved distress and reformed the system to prevent future depressions. An example of the former is the ___ while the ___ is an example of the latter
a. Civilian Conservation Corps; Works Projects Administration. b. Works Projects Administration; Industrial Organization Review Board. c. Civilian Conservation Corps; Securities and Exchange Commission. d. Federal Deposit Insurance Corporation; Industrial Organization Review Board.
Oligopolistic firms
A. are few in number. B. are interdependent. C. charge a higher price and produce a smaller output than perfect competitors. D. all of the choices are true of oligopolistic firms.