If this year's price level exceeds last year's
A) the inflation rate between these years has been positive.
B) the inflation rate is accelerating.
C) deflation is occurring.
D) no relative price changes are occurring.
A
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If the marginal private cost of running a car is $0.30 a mile and the marginal external cost is $0.10, what is the marginal social cost?
A) $0.20 B) $3.00 C) $0.03 D) $0.40 E) None of the above answers is correct.
Explain why market power leads to a deadweight loss. Is the total deadweight loss from market power in the United States large or small?
What will be an ideal response?
If the interest rate on a bond is above the equilibrium interest rate, there is an excess ________ for bonds and the bond price will ________
A) demand; rise B) demand; fall C) supply; rise D) supply; fall
A _____ gives an investor the exclusive legal right make, use, or sell an invention for a limited time
a. patent b. trademark c. copyright d. trade secret