A common solution to monopoly in European countries is public ownership
a. True
b. False
Indicate whether the statement is true or false
True
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We limit ourselves to two periods in the intertemporal model of the business cycle because
A) we need to concentrate on the two phases of the business cycle. B) we can assume that people can live two periods of, say, 30 years. C) this is all we need to emphasize the intertemporal trade-off. D) we need an even number of periods.
Property values are determined by
a. the interest rate and expected annual revenues from the property, both present and future b. the value of the expected annual revenues from the property, both present and future, and the rate of inflation c. the opportunity cost of the property d. the present (this year only) revenue generated by the property e. the demand side only since the supply of the property is already fixed
You are the manager of a monopoly that faces a demand curve described by P = 85 ? 5Q. Your costs are C = 20 + 5Q. The revenue-maximizing output is:
A. 10. B. 9. C. .85. D. None of the answers is correct.
People who say that they would like to have a job, but have not made an effort to find a job in the past four weeks, are called ________ workers.
A. involuntary part-time B. discouraged C. unemployed D. chronically unemployed