A monopoly is a sole ___________, and a monopsonist is a sole ___________
a. buyer in a goods market; seller in a goods market
b. seller in a goods market; seller in a labor market
c. buyer in a goods market; seller in a labor market
d. seller in a goods market; buyer in a labor market
e. seller in a labor market; buyer in a goods market
D
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The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
Within neoclassical growth theory, technological change ________ saving and ________ investment
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
Which nation made the greatest commitment to establish permanent settlements in its colonization strategy?
a. England b. France c. Holland d. Spain
Using the information in the table shown, the average revenue for this firm:
This table represents the revenues faced by a monopolist.
A. decreases as output increases.
B. increases as output increases.
C. remains constant regardless of level of output.
D. is maximized when total revenue is maximized.