Which of the following is likely among the most concentrated industries in the United States?
A. household vacuum cleaners
B. tobacco products
C. soft drinks
D. printing and publishing
Answer: B
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The dollar price of a good relative to the average dollar price of all other goods and services is the good's:
A. nominal price B. equilibrium price C. market price D. real price
Government saving refers to ________
A) tax revenues minus transfers minus government purchases B) tax revenues plus transfers minus government consumption C) the saving rate times transfers D) national plus private saving E) none of the above
A creator of an action movie who wants to protect their intellectual property would apply for which of the following?
A) a trade secret B) a copyright C) a patent D) a trademark
Price for a perfectly competitive seller equals:
A) average revenue divided by price. B) marginal revenue divided by price. C) total revenue. D) marginal revenue.