Borrowing VCU3 from an online company cause the nation's:

a. Monetary base to rise.
b. M2 money supply to rise.
c. M2 money multiplier to remain the same.
d. M2 money supply to fall.


.C

Economics

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A successful local entrepreneur opens up the only Chevrolet dealership in a medium sized Texas town. Why does this not necessarily constitute a monopoly position?

What will be an ideal response?

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If a regulator forced a natural monopolist to set P = MC

A) the monopolist would earn economic profits. B) the monopolist would suffer economic losses. C) the monopolist would break even. D) the monopolist would earn monopolistic profits.

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A singer would willingly perform in a concert for $100,000. If she is paid $500,000 for the concert, she is

A) receiving $500,000 to cover her opportunity cost. B) not being paid her full opportunity cost. C) receiving $400,000 of economic rent. D) certainly being paid more than warranted by the level of demand.

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An analysis of IBM's pricing decisions would be classified as a macroeconomic study

a. True b. False Indicate whether the statement is true or false

Economics