Which of the following is most likely to be a monopoly?
A) AOL (America On Line), an Internet service provider
B) WABC, a television station
C) The Washington Post
D) a public water utility
D
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In the market for reserves, if the federal funds rate is above the interest rate paid on excess reserves, then an open market ________ the supply of reserves, raising the federal funds interest rate, everything else held constant
A) sale decreases B) sale increases C) purchase increases D) purchase decreases
With fixed costs of $200, a firm has average total costs of $5 and average variable costs of $3 . Its output is: a. 66.67 units
b. Need more information c. 100 units. d. 40 units.
Consumer discrimination exists when consumers are willing to pay ________ for a good or service produced by the favored group, even though the quality of the good or service is ________.
A. less; the same B. more; better C. more; worse D. more; the same
The purpose of the Dodd-Frank Wall Street Reform Act was to:
A. limit what stocks and mutual funds that investors could choose. B. give banks the choice to report their holdings. C. encourage banks to engage in more risk-taking. D. force banks to limit their risk-taking.