Which of the following goods would be most likely to be produced by a monopoly?
a. Lotso-Sugar brand cereal
b. Pepsi
c. margarine
d. electricity
e. Ford automobiles
D
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Liz has a comparative advantage in ________ because ________
A) smoothies; she can produce more smoothies per hour than Joe can B) salads; she can produce more salads per hour than Joe can C) smoothies; her opportunity cost of producing smoothies is lower than Joe's D) both goods; she can produce more of both goods per hour than Joe can E) salads; her opportunity cost of producing salads is lower than Joe's
Which of the following would be most likely to suggest reducing the money supply as a way to end a prolonged inflation?
A. Monetarist B. Keynesian C. Economic behaviorists D. Classical economist
Which of the following equations shows unit elastic demand?
a. ED < 1 b. ED > 1 c. ED x 1 d. ED = 1
If there were a 20% reserve requirement, how much would the deposit multiplier be?
What will be an ideal response?