if the entire output of a market is produced by a single seller, the firm:
A.) Is a monopoly.
B.) Is competitive.
C.) Is an oligopolist.
D.) Faces a perfectly vertical demand curve.
A.) Is a monopoly.
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Federal Reserve Chairman Ben Bernanke once said if all else fails, the Fed could drop money from helicopters to help the US economy. If "helicopter Ben" ever comes to the rescue and begins dropping money from the sky, the will be engaged in
A) shenanigans. B) expansionary monetary policy. C) operation financial Armageddon. D) contractionary monetary policy.
In the table above, y is measured along the y-axis and x along the x-axis. The slope of the relationship between x = 0 and x = 2 is
A) -6. B) 2. C) 3. D) 6.
The business cycle may hamper economic growth because it creates additional ________ for business owners.
A. unemployment B. stability C. risks D. inflation
How do investment in technology and investment in capital differ?
A. They have different effects on output because of the positive externalities associated with investments in technology. B. They have different effects on output because of the positive externalities associated with investments in capital. C. They have similar effects on output so they have no important differences from an economic point of view. D. They have the same effects on output but investments in technology are much more closely tied to the level of saving than investments in capital.