Legal or governmental restrictions that give monopolistic advantages to a firm include all of the following EXCEPT
A. franchises.
B. licenses.
C. economies of scale.
D. tariffs.
Answer: C
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The quantity of loanable funds supplied increases if the ________, all other things remaining the same, because the ________
A) real interest rate falls; real interest rate is the opportunity cost of consumption B) real interest rate rises; real interest rate is the opportunity cost of saving C) real interest rate falls; real interest rate is the opportunity cost of saving D) real interest rate rises; cost of living is determined by the real interest rate E) real interest rate rises; real interest rate is the opportunity cost of consumption
If the production of a product creates external costs, there is an ____ to production of that good which the government can correct for by ____
a. overallocation of resources; granting a subsidy b. overallocation of resources; imposing a per-unit tax c. underallocation of resources; granting a subsidy d. underallocation of resources; imposing a per-unit tax
Since 1960, the percentage of the population with a college degree has increased from ________ to ________.
A. less than 10%; near 35% B. near 40%; near 50% C. around 20%; near 85% D. less than 2%; near 50%
Identify and explain the three ways we can use macroeconomic analysis.
What will be an ideal response?