The informal sector exhibits
(a) free entry
(b) labor intensive methods
(c) small, competitive firms
(d) all of the above
D
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Refer to the following graph.
If the demand curve is curve D for a monopoly, the marginal revenue curve is:
A. B, which intersects the x-axis at 1/2 the quantity where the demand curve intersects the x-axis. B. A, which intersects the x-axis at 1/4 the quantity where the demand curve intersects the x-axis. C. D, which intersects the x-axis at the same quantity where the demand curve intersects the x-axis. D. C, which intersects the x-axis at 3/4 the quantity where the demand curve intersects the x-axis.
Which of the following is true of taxes?
What will be an ideal response?
A study showing that eating ranch salad dressing might be harmful to one’s health slightly reduces the demand for the product. However, a new bottling method greatly increases the production of this dressing. Considering this, the equilibrium quantity of this dressing would ______.
a. decrease b. increase c. remain constant d. be indeterminate
With an adjustable rate mortgage, if the rate of inflation jumps, then the nominal rate on the mortgage will
What will be an ideal response?