The key element in preserving a monopoly is
a. government subsidy of critical enterprises.
b. keeping potential rivals out of the market.
c. guaranteeing availability of substitute products.
d. increased advertising expenditure.
b
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In the United States, part-time workers are
A) less numerous than full-time workers. B) considered discouraged workers. C) about as numerous as full-time workers. D) counted as unemployed in all measures of the unemployment rate. E) more numerous than full-time workers.
When operating on its PPF, a country can produce 2 tons of butter and 200 cars OR 3 tons of butter and 150 cars. The opportunity cost of 1 ton of butter is ________ cars per ton of butter
A) 300 B) 200 C) 50 D) 0.75
If the exchange rate changes from $1.45 = 1 euro to $1.37 = 1 euro, then
A) both the euro and dollar have appreciated. B) the euro has appreciated and the dollar has depreciated. C) the euro has depreciated and the dollar has appreciated. D) both the euro and dollar have depreciated.
If Tom does not tattle, what would Sarah's best response be
a. Hit b. Not hit c. Run d. Hide