Monopolistically competitive firms are productively inefficient because long-run equilibrium occurs at an output rate where
A. Price is greater than MC.
B. Diseconomies of scale exist.
C. ATC is greater than minimum ATC.
D. MC is greater than MR.
Answer: C
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In recent years the labor force participation rate has been fairly stable
A) as has the labor force participation rate for males, females, minorities, and nonminorities. B) although the female labor force participation rate has fallen while the male labor force participation rate has increased. C) although the male labor force participation rate has fallen while the female labor force participation rate has increased. D) although the labor force participation rate of young adults has increased while the labor force participation rate of those in the 40-55 age classification has fallen.
Which of the following is not an example of a country's infrastructure?
a. Educational system b. Political system c. Communications system d. Transportation system
When prices are rising, which of the following will be true?
A) The real interest rate will be lower than the nominal interest rate. B) The real interest rate will be negative. C) The real interest rate will be higher than the nominal interest rate. D) The nominal interest rate will be negative.
What are the two types of demand that make up total demand for money?
What will be an ideal response?