All else equal, when a monopolist increases its price, revenue will fall because of the lost sales
a. True
b. False
B
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Employees of brokerage firms that rely on forecasting future profits of firms in order to forecast future stock prices are called
A) rational analysts B) adaptive analysts C) technical analysts D) fundamental analysts
When the rate of cyclical unemployment is zero, the
a. natural rate of unemployment must also be zero. b. rate of frictional unemployment must be negative. c. economy must have entered a recessionary stage. d. economy is considered to be at full employment.
Economic rent is earnings in excess of what?
a. opportunity cost b. total costs c. taxes d. hidden costs
Which type of tariff is used to offset subsidies on exports entering the United States?
a. antidumping duties b. countervailing duties c. export duties d. safeguard duties levied under the escape clause