The demand curve a monopolist faces is
A) horizontal.
B) the industry demand curve.
C) vertical.
D) inelastic at all points.
B
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Which of the following is likely to have the narrowest bid-asked spread?
A) A Nasdaq stock B) A U.S. Treasury bill C) A corporate bond D) A Fannie Mae bond
The components of consumption expenditures include all of the following except
A) nondurable goods consumption. B) durable goods consumption. C) government consumption. D) services.
If the consumer price index (CPI) is 200 one year and 206 the next year, the annual rate of inflation as measured by the CPI is approximately _____
a. 103 percent b. 1 percent c. 6 percent d. 3 percent e. 206 percent
For a single country to influence the price of some good in the global market:
A. it must be considered a price taker. B. the country must be large relative to other nations in the world C. the quantity it produces and consumes must be small relative to the total amount of that good bought and sold worldwide. D. the quantity it produces and consumes must be large relative to the total amount of that good bought and sold worldwide.