According to William Shepard, the growth in competition from 1958 to 1988 in the United States can be attributed to
a. imports, efficient economic regulation, and antitrust activity
b. the rise of the global market and inflation
c. the fall of communism
d. imports, deregulation, and antitrust activity
e. exports, deregulation, and technological improvement
D
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As the economy nears the end of a recession, which of the following would we most likely see?
A) further decreases in consumer spending B) falling wages relative to output prices C) increased spending on capital goods by firms D) increasing interest rates
Which of the following would most likely increase the demand for peanut butter?
What will be an ideal response?
Figure 4-12
Refer to . The supply curve S and the demand curve D1 indicate initial conditions in the market for college textbooks. A new government program is implemented that grants students a $30 per textbook subsidy on every textbook they purchase, shifting the demand curve from D1 to D2. Which of the following is true for this subsidy given the information provided in the exhibit?
a.
Textbook buyers will receive an actual benefit of $10 from the subsidy, while textbook sellers will receive an actual benefit of $20 from the subsidy.
b.
Textbook buyers will receive an actual benefit of $20 from the subsidy, while textbook sellers will receive an actual benefit of $10 from the subsidy.
c.
Textbook buyers will receive the full $30 benefit from the subsidy.
d.
Textbook sellers will receive the full $30 benefit from the subsidy.
Which of the following examples accurately reflects monopolistic competition?
a. Stable, Inc. has a steady number of customers and doesn’t seek any more. b. TopDrawer, Inc. tries to limit its customers to a select few. c. JStar, Inc tries to sell as many cell phones to customers as possible. d. Whole Farms doesn’t really care how many buyers purchase its produce.