Natural monopolies often arise in industries where the marginal cost of adding an additional customer is high
a. True
b. False
Indicate whether the statement is true or false
False
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The largest proportion of the U.S. public debt is held by
A. the Federal Reserve System. B. the U.S. public (individuals, businesses, financial institutions, and government). C. U.S. government agencies. D. foreign individuals and institutions.
For this question, assume that the there exists uncertainty about the impact of monetary policy on the macroeconomy. Given this information, it would be most appropriate for the central bank to increase money growth
A) at the midpoint of a recession. B) by more than the increase that will yield the desired response. C) by less than the increase that will yield the desired response. D) by an amount equal to the increase that will yield the desired response. E) only after it is certain that the economy has entered a recession.
A significant advantage to being a member of a trade bloc is
A. reduced or eliminated tariffs among member countries. B. reduced tariff rates only for the largest member countries. C. higher tariff collections from member countries. D. None of these; there is no economic advantage to a trade bloc.
A patent
A. is often necessary to motivate inventions. B. makes a good that has recently been invented more expensive than it could be. C. is better for a writer of books than it is for an inventor of medicines. D. is often necessary to motivate inventions and makes a good that has recently been invented more expensive than it could be.