In Figure 29.1, the area that represents the consumer surplus under monopoly is
A. FPPCC.
B. PmonopolyAB.
C. FPmonopolyBE.
D. PPCAC.
Answer: B
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In Sweden, the average price of a Big Mac at that time was 43.7 kronor. What is the "implied exchange rate" between Swedish kronor and U.S. dollars? A) 0.11 kronor per dollar B) 1.90 kronor per dollar C) 9.12 kronor per dollar D) 46.2 kronor per dollar
Everything else held constant, an increase in marginal tax rates would likely have the effect of ________ the demand for municipal bonds, and ________ the demand for U.S. government bonds
A) increasing; increasing B) increasing; decreasing C) decreasing; increasing D) decreasing; decreasing
Interest is paid to
A) all holders of stock. B) individuals who own gold. C) owners of capital. D) borrowers of funds.
Say’s Law states that
a. supply is greater than demand. b. supply is less than demand. c. demand generates supply. d. supply generates demand.