Janet Yellen, Chair of the Federal Reserve, must choose whether tomorrow she meets with the Secretary of the Treasury or with the Congress regarding the financial crisis. This choice reflects the
A) fact that Ms. Yellen faces scarcity.
B) concept of entrepreneurship.
C) fact that Ms. Yellen responds to incentives.
D) use of capital.
A
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Why is collusion about the price and amount of output impossible in monopolistic competition?
What will be an ideal response?
An income tax _____
a. increases the return to bearing risk, if the company is a monopolist b. has no impact on the return to bearing risk c. increases the return to bearing risk d. reduces the return to bearing risk
The short run is a time period such that: a. the existing firms in the industry do not have sufficient time to adjust the quantity of any inputs which they employ. b. the existing firms in the industry do not have sufficient time to adjust their current rate of output
c. new entrants have sufficient time to build factories and enter the industry. d. the existing firms in the market do not have sufficient time to increase the size of their existing plants or build new factories.
Refer to the information provided in Figure 34.3 below to answer the question(s) that follow.
Figure 34.3Refer to Figure 34.3. Which of the following will shift the supply of pounds from S1 to S2?
A. Fewer British firms want to invest in the United States. B. More British citizens travel to the United States. C. The inflation rate in the United States decreases relative to the inflation rate in England. D. The price of U.S. bonds decreases relative to the price of British bonds.