The fiscal year
A. Is the 12-month period used for federal government accounting purposes.
B. Is the period during which the government must balance the budget.
C. Begins in January for the federal government.
D. None of the choices are correct.
Answer: A
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Suppose a monopolist has TC = 100 + 10Q + 2Q2, and the demand curve it faces is p = 90 - 2Q. What will be the price, quantity, and profit for this firm?
What will be an ideal response?
Productivity growth rates are usually higher in rich countries than in poor countries
a. True b. False Indicate whether the statement is true or false
Economic data:
A. are sometimes revised months or years after their initial release. B. are never fully reliable, even after years of revisions. C. tend to be completely reliable and accurate when first reported. D. are meaningless if not interpreted by a policymaker with good instincts.
A key consideration in the government's decision in the Staples/Office Depot case was that:
A. Staples charged lower prices in locations that were close to an Office Depot store. B. Staples charged higher prices in locations that were close to an Office Depot store. C. Staples and Office Depot had engaged in explicit price fixing. D. Staples and Office Depot would be a natural monopoly if they were allowed to merge.