The average-cost pricing policy provides a greater incentive for a regulated monopolist to reduce its production costs.
Answer the following statement true (T) or false (F)
False
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Because the short-run average total cost curve slopes downward for an information product, the firm experiences
A) a downward sloping marginal cost curve. B) a downward sloping average variable cost curve. C) short-run economies of operation. D) long-run diseconomies of scale.
Which statement is true?
A. Nations should strive for self-sufficiency. B. The U.S. balance of trade has always been positive. C. Our biggest trade deficit was a little over $150 billion. D. Our balance of trade turned negative in the mid-1970s.
In the United States, exports of goods and services accounted for about what percentage of GDP (total output) in 2011?
A. 6 percent B. 14 percent C. 24 percent D. 42 percent
In the figure above, if there is no Ricardo-Barro effect, the government has a budget ________ because the ________
A) surplus of 0.2 trillion; SLF curve lies to the right of the PSLF curve. B) deficit of 0.2 trillion; SLF curve lies to the right of the PSLF curve. C) deficit of 0.4 trillion; SLF curve shows a smaller quantity of LF than the PSLF curve. D) surplus of 0.4 trillion; SLF curve shows a larger quantity of LF than the PSLF curve. E) surplus of -0.2 trillion; SLF curve lies to the right of the PSLF curve.