The slope of the demand curve for a monopoly firm will have which of the following characteristics?
a. Horizontal and parallel to the x-axis
b. Vertical and parallel to the y-axis
c. Upward sloping
d. Downward sloping
d. Downward sloping
The slope of the demand curve for a monopoly firm is downward.
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How did production improvements like an assembly line help the production of Model T cars?
A. decreased the supply of Model T cars B. decreased the demand for Model T cars C. increased the demand for Model T cars D. increased the supply of Model T cars
If an activity has an external benefit, such as education, a tax on that activity can lead to the efficient level of output being produced
Indicate whether the statement is true or false
Suppose you transfer $1,000 from your checking account to your savings account. How does this action affect the M1 and M2 money supplies?
a. M1 and M2 are both unchanged. b. M1 falls by $1,000 . and M2 rises by $1,000. c. M1 is unchanged, and M2 rises by $1,000. d. M1 falls by $1,000 . and M2 is unchanged.
The "real burden" of the debt is directly related to
A. The idea of opportunity cost. B. How transfers redistribute income. C. The relationship between the Treasury and the Federal Reserve System. D. The difference between internally held debt and externally held debt.