Other things constant, if the demand for computer scientists rises,
a. the wages of computer scientists will tend to fall.
b. employment of computer scientists will tend to rise.
c. there will be a surplus of computer scientists.
d. there will be a shortage of computer scientists.
B
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A natural monopoly that is regulated to set price equal to marginal cost
A) makes an economic profit. B) makes zero economic profit. C) incurs an economic loss. D) could make an economic loss, an economic profit, or zero economic profit. E) makes zero normal profit.
The money rate of interest that lenders pay for borrowed funds minus the real rate of interest equals the
a. nominal rate of interest. b. present value of an asset. c. inflationary premium. d. productivity of capital.
Which of the following would be an example of a public good?
A. A candy bar. B. A painting by Monet. C. A taxi cab. D. A sunset.
Trading risk faced by U.S. banks results from:
A. adverse selection. B. changes in regulations. C. the free-rider problem. D. moral hazard.