Based on the information above, the unemployment rate is
A) 4%.
B) 6.6%.
C) 9.1%.
D) 10%.
E) 11.1%.
C
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In the above figure, the monopolist's profit-maximizing output level is
A) A. B) B. C) C. D) D.
If the Japanese yen appreciates against the U.S. dollar:
A. Americans should find Japanese goods are now less expensive. B. U.S. goods should have an easier time competing against Japanese goods in both countries. C. Japanese residents would find Japanese goods are relatively less expensive than American goods. D. Japanese goods should have an easier time competing against U.S. goods in both countries.
A difference between a perfectly competitive industry and a monopoly is that
A) in the long run, firms in a perfectly competitive industry make zero economic profit and a monopoly can make an economic profit. B) a firm in a perfectly competitive industry can perfectly price discriminate but a monopoly cannot. C) only monopolies have an incentive to maximize profit. D) perfectly competitive firms can have a public franchise. E) a barrier to entry protects perfectly competitive firms in the short run and protects a monopoly in the long run.
Depository institutions
A) make profit from the spread between the interest rate they pay on deposits and the interest rate they receive on loans. B) make a profit according to how much the Federal Reserve pays them. C) make their profit by charging the government for their services. D) make zero profit but receive compensation by the government because their services are so valuable.