Which of the following was the fastest-growing financial intermediary of the 1970s?
A) commercial banks
B) credit unions
C) finance companies
D) money market mutual funds
D
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If a quota is imposed on imports of shrimp into the United States, U.S. consumers ________ and U.S. producers ________
A) gain; gain B) lose; gain C) gain; are unaffected D) lose; lose E) gain; lose
A (non-price discriminating) monopolist with zero marginal cost but recurring fixed costs may end up not producing even if it would be efficient for him to produce.
Answer the following statement true (T) or false (F)
Price discrimination refers to:
a. charging different prices to different groups on the basis of production cost differences. b. charging different prices to different groups without a basis for doing so because of differences in production costs. c. the ability of a firm to charge a price in excess of marginal cost. d. consumer bargain hunting.
Refer to the information provided in Table 24.7 below to answer the question(s) that follow.
Table 24.7All Numbers are in $ Million
Refer to Table 24.7. Assuming constant MPC, at income of $1,100 million, consumption is $________ million, and at income of $1,400 million, consumption is $________ million.
A. 760; 1,000 B. 740; 980 C. 720; 960 D. 780; 1,020