A strategy called "limit pricing" sets the price
A) below the competitive level.
B) at the monopoly level.
C) at the lowest level that inflicts a loss on the entrant.
D) at the highest level that inflicts a loss on the entrant.
D
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Of the determinants of labor productivity, the more important one is
A) the capital-labor ratio. B) the size of the labor force. C) total factor productivity. D) the hours worked by the labor force.
According to the real-balance effect, an increase in the price level will
A) leave total planned real expenditures unchanged since the price level of all goods has increased. B) decrease total planned real expenditures because of an increase in interest rates. C) lead to a corresponding increase in total planned real expenditures since businesses are now earning higher profits. D) decrease total planned real expenditures as a result of a decrease in the real value of money balances.
In general, which the following is NOT true about the "new" immigrants that arrived after 1880?
a. They experienced pervasive wage and hiring discrimination. b. They originated mostly from south and eastern Europe. c. They took the lowest positions in the social strata. d. All of the above are true about the "new" immigrants.
The opportunity cost to a city for using local tax revenues to construct a new park is the:
a. best alternative foregone by building the park. b. dollar cost of constructing the new park. c. dollar cost of the old park. d. increased taxes necessary to pay for maintenance of the new park.