The main proponent of the liberal view of poverty is
A. Charles Murray.
B. William Julius Wilson.
C. Nicholas Lemann.
D. David Rogers.
B. William Julius Wilson.
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A monopolistic competitor finds its profit-maximizing rate of output by
A) equating the marginal revenue from advertising with the marginal revenue from selling the good. B) setting average revenue equal to average total cost. C) equating marginal revenue and marginal cost. D) equating price and marginal revenue.
If there is a decrease in taxes on business firms in a small open economy, it causes the current account to ________ and the equilibrium amount of saving to ________.
A. rise; remain unchanged B. fall; fall C. fall; remain unchanged D. rise; fall
Which of the following will most likely cause an increase in the aggregate supply curve?
a. a reduction in the general level of prices b. an increase in the general level of prices c. an improvement in technology that substantially reduces the cost of generating energy d. an increase in taxes that makes it more expensive for Americans to import crude oil
The antitrust laws are sometimes used by companies to reduce competition in their markets rather than enhance it
a. True b. False Indicate whether the statement is true or false