The FDIC helps prevent
A) inflation. B) bank runs.
C) risky behavior on the part of bankers. D) risky behavior on the part of depositors.
B
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The median voter theorem will be an accurate predicator of the outcomes of elections
A) when a majority of voters have preferences very similar to those of the median voter. B) only when voter turnout is very high. C) when a majority of voters have preferences different from those of the median voter. D) regardless of whether preferences among voters are similar or different from those of the median voter.
Which of the following statements is true for a monopolist?
a. a monopolist will charge the highest price for which he can sell units of his product. b. unregulated monopolists can gain by producing their chosen output at a low cost. c. if a firm has a monopoly, it will always be able to earn economic profit. d. none of the above statements are true.
If the U.S. could produce 5 televisions per hour of labor and China could produce 3 televisions per hour of labor, would it necessarily follow that the U.S. should specialize in television production? Explain your answer using the concepts of comparative and or absolute advantage
Refer to the graph shown. The short-run equilibrium price for the monopolistically competitive firm represented is:
A. $0.85. B. $1.00. C. $0.95. D. $0.60.