One reason why a monopolist might be able to provide greater output at lower costs than other market structures is that some monopolists
a. earn exceptional profit which allows them to lower price and costs
b. produce high volume output which allows them to capture economies of scale so that their ATCs are lower
c. have high market share which allows them to raise price and lower cost at the same time
d. exploit their labor force by offering low wage rates so that costs are lower
e. do not advertise, thereby reducing costs
B
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Which of the following factors can result in a nation developing a comparative advantage?
a. an abundance of highly skilled labor. b. large amounts of unskilled labor. c. a favorable climate. d. All of these.
If a country has a negative net capital outflow, then
a. on net it is purchasing assets from abroad. This adds to its demand for domestically generated loanable funds. b. on net it is purchasing assets from abroad. This subtracts from its demand for domestically generated loanable funds. c. on net other countries are purchasing assets from it. This adds to its demand for domestically generated loanable funds. d. on net other countries are purchasing assets from it. This subtracts from its demand for domestically generated loanable funds.
Your bike is worth $100 and if you park it outside at school there is a 25% chance that it will be stolen. Your utility function for money is 
. Assume throughout that the bike value and money are interchangeable since you could sell the bike instantly at its value if necessary. What is the maximum you will pay for the bike check-in now?
What will be an ideal response?
A policy buying a wide range of financial assets from banks and other financial institutions in order to stimulate the economy is called:
A. precommitment policy. B. quantitative easing. C. operation twist. D. money easing.