Which of the following Internet firms has a near monopoly in the search market?
A. Google
B. Amazon
C. Facebook
D. Bing
Answer: A
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In the Ricardian model, if a country's trade is restricted, this will cause all EXCEPT which?
A) limited specialization and the division of labor B) reduced volume of trade and reduced gains from trade C) nations to produce inside their production possibilities curves D) a country to produce some of the product of its comparative disadvantage E) raised costs as more diverse product is produced internally
Given that Mattie could convincingly threatens to always fight, what would be Irene's best response
a. Enter b. Not Enter c. Run d. Hide
Suppose a lazy monopolist's fixed costs are lower than the fixed costs of an efficient monopolist. In all other respects, the monopolists are the same. Which of the following statements about this monopolist is true?
A. It charges a higher price than the monopolist producing efficiently. B. It charges a lower price than the monopolist producing efficiently. C. It produces less than the monopolist producing efficiently. D. Its total revenue is the same as the monopolist producing efficiently.
You spend $150 every month planting flowers in your front yard. Your neighbor has told you that she derives $20 a month in enjoyment from being able to look at your beautiful flowers. Which of the following is true?
A. You should refuse to spend anything on flowers unless your neighbor pays you $20 a month. B. If you took into consideration the benefits your neighbor derived, the efficient level of flower planting would be less than $150 a month. C. If you took into consideration the benefits your neighbor derived, the efficient level of flower planting would be greater than $150 a month. D. You are spending too much on flowers, because your neighbor derives only $20 worth of benefits.