A monopolist can choose a price & quantity combination that is above the demand schedule
a. True.
b. False.
B
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The expansion induced by a rise in the money stock will be greatest
A) the higher the level of capital mobility in an economy. B) the lower the level of capital mobility in an economy. C) when the economy has a fixed exchange rate. D) when this rise is fully sterilized by the monetary authority.
The measured poverty rate may not reflect the true extent of economic deprivation because it does not include some forms of government assistance
a. True b. False Indicate whether the statement is true or false
Trade requires:
A. that day-to-day business decision making is carried out almost entirely by firms and individuals, not by governments. B. firms and individuals to follow government mandates about what to trade. C. governments to get together and agree on who is going to specialize in what. D. governments employ an economic planner to find comparative advantage for different products.
Labor income includes:
A. wages, salaries, and earnings of the self-employed. B. interest, dividends, and rent. C. profits, royalties, and rent. D. payments to owners of factories, machines, and buildings.