Which of the following is most likely the most beneficial form of monopoly advantage?
A) better production methods
B) input hoarding
C) decreasing returns to scale
D) government protection
A
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If the government spending increases without an equal increase in taxes, the government must borrow funds in the financial markets
Indicate whether the statement is true or false
Increases in income from other sources than employment can cause the labor ____ curve to shift ____. a. demand; right. b. demand; left
c. supply; right. d. supply; left.
If a firm in a perfectly competitive industry maximizes profit by producing 100 units and the marginal cost of the 100th unit is $23, the price is
a. more than $23 since it's earning an economic profit b. $0.23 c. $2,300 d. $23 e. not able to be calculated from the data given
To reduce inflation, the federal reserve could
a) expand money supply in order to raise interest rates, which increases investment b) expand money supply in order to lower interest rates, which increases investment c) contract money supply in order to lower interest rates, which increases investment d) contract money supply in order to raise interest rates, which decreases investment e) buy bonds and increase discount rate to encourage borrowing