_______ is the dominant feldspar in basalt.
A) Plagioclase
B) Microcline
C) Orthoclase
D) Pyroxene
Ans: A) Plagioclase
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If an upstream monopoly and a downstream monopoly vertically integrate into a profit-maximizing monopoly, then the total amount of deadweight loss in the industry
A) will increase. B) will decrease. C) will remain unchanged. D) cannot be determined.
Under both perfect competition and monopoly, a firm:
a. is a price taker. b. is a price maker. c. will shut down in the short-run if price falls short of average total cost. d. always earns a pure economic profit. e. sets marginal cost equal to marginal revenue.
A majority of the commercial banks in the United States are members of the Fed
a. True b. False Indicate whether the statement is true or false
What are the economic effects of a currency depreciation?
a. It will decrease aggregate demand and aggregate supply, so that output will certainly fall, and prices may fall as well. b. It will increase aggregate demand and aggregate supply, so that output will certainly rise, and prices may rise as well. c. It will increase aggregate demand and decrease aggregate supply, so that prices will certainly rise and output may rise as well. d. It will decrease aggregate demand and increase aggregate supply, so that prices will certainly fall and output may fall as well.