Globalization has most likely occurred for which of the following reasons?
a. International agreements and treaties between countries have encouraged greater trade.
b. Expanding cultural connections between people around the world.
c. Expanding economics connections between people around the world.
d. Increased military spending.
a. International agreements and treaties between countries have encouraged greater trade.
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In the figure above, compared to a perfectly competitive industry with the same costs, a single-price, unregulated monopoly will decrease production by
A) zero. B) 2 units per day. C) 4 units per day. D) 6 units per day.
In 2000, Congress eliminated the earnings test for those ages 62 and up who still work
Indicate whether the statement is true or false
Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below.Mega Corp: TC = 5,000 + 100QBig Inc: TC = 4,000 + 200QFor both firms, average total cost:
A. increases as quantity increases. B. declines as quantity increases for Mega Corp and increases as quantity increases for Big Inc. C. declines as quantity increases. D. is constant for all quantities.
Which one of the following is a tool of monetary policy for altering the reserves of commercial banks?
a. Issuing currency b. Acting as the fiscal agent for the Federal government c. Check collection d. Open-market operations