The two channels through which ________ policy can influence behavior in the goods market are investment and consumption.
A. fiscal
B. regulatory
C. trade
D. monetary
Answer: D
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The economic profits of many monopoly firms are reduced as a result of
a. rent-seeking activity b. government regulation c. demand inducement d. rent-seeking activity and price floors e. both a. and b.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
A business can be operated profitably at a loss for an indefinite period of time
A) if it is unable to meet all their obligations but able to cover operating costs. B) if we neglect the social costs of discriminatory pricing. C) for firms that enjoy special legal privileges. D) if costs are calculated as marginal opportunity costs.
International trade does all the following except
a. allow a country to specialize in producing certain goods and services b. reduce world output c. allow a country to move to a higher consumption possibilities frontier d. allow a country's consumption possibilities frontier to lie outside its production possibilities frontier e. increase world output