Monopolies and oligopolies both erect barriers to entry through the use of
A. advertising.
B. price cutting.
C. patents.
D. franchising.
Answer: C
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Disadvantages of a consumption tax are
A. the administrative problems. B. the transitional problems. C. dealing with gifts and bequests. D. all of these answer options are correct.
Speculators absorb additional risk in futures markets as a result of the actions taken by
A) longs. B) hedgers. C) brokers. D) shorts.
According to the monetarist view, the aggregate supply curve is:
A. Horizontal until full employment is reached and then it becomes vertical. B. Horizontal at all levels of output. C. Vertical at the natural rate of unemployment. D. First horizontal, then upward sloping, and finally vertical.
The demand for a product is the quantity of it that people buy.
a. true b. false