A monopolist faces a
a. horizontal demand curve.
b. vertical demand curve.
c. downward-sloping demand curve.
d. U-shaped demand curve.
c
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The African agrarian system is characterized by
(a) absentee landlords. (b) a dual agrarian system known as latifundio-minifundio. (c) land fragmentation. (d) shifting cultivation.
The key difference between a share of stock and a bond is that
a. a share of stock is a riskless asset b. the holder of a bond receives only one future payment c. the holder of a share stock has a share in the ownership of a firm d. bonds are issued only by the government, while stock is issued only by corporations e. there are secondary markets for stocks, but not for bonds
If the U.S. purchases oil from Nigeria, what is the effect in the foreign exchange market?
a. It will increase demand for U.S. dollars. b. It will decrease demand for U.S. dollars. c. It will increase supply of U.S. dollars. d. It will decrease supply of U.S. dollars.
For most firms in the economy, the largest part of factor costs is the cost of
A. labor. B. capital. C. property and machinery. D. land and natural resources.