When enterprises get more funds from government subsidies provided by central planners and less from consumers, they will have incentive to
A) spend more time catering to the views of consumers than if they were operating in an unsubsidized, competitive market.
B) spend more time trying to satisfy consumers and very little time trying to satisfy politicians.
C) spend more time trying to influence politicians and less time trying to reduce costs and please customers.
D) produce more efficiently than if they were operating in a competitive market.
C) spend more time trying to influence politicians and less time trying to reduce costs and please customers.
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There tends to be ________ relationship between the growth rate of the money supply and the inflation rate
A) an inverse B) a direct C) no significant D) a negative
Economic growth is represented on a production possibilities frontier model by the production possibilities frontier
A) becoming flatter. B) shifting inward. C) becoming steeper. D) shifting outward.
Opportunity cost is the best alternative sacrificed for a chosen alternative
a. True b. False Indicate whether the statement is true or false
When a monopolist sells two units of output its total revenue is $600. When a monopolist sells three units of output its total revenue is $690. When the monopolist sells three units of output, the price per unit is
A. $210. B. $230. C. $300. D. $630.