A bilateral monopoly is a market situation in which there is only one buyer and only one seller
a. True
b. False
Indicate whether the statement is true or false
True
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What would be a way for the Federal Reserve to slow down the economy when it is growing too quickly or is inflationary?
A) print more money B) encourage the stock market C) sell more government bonds D) buy back government bonds on the open market
The World Trade Organization is a successor organization to the
A) United Nations. B) World Bank. C) International Court of Justice. D) GATT.
An increase in price:
A. cannot cause a quantity effect. B. cannot cause a price effect. C. causes a decrease in revenue resulting from selling fewer units and a simultaneous increase in revenue resulting from receiving a higher price. D. causes an increase in quantity demanded.
Which of the following would most likely lead to discrimination with landlords?
a. rent fluctuating around equilibrium price b. rent at equilibrium price c. rent above equilibrium price d. rent below equilibrium price