If external benefits are taken into account in the market
A. the supply curve would shift to the left.
B. the demand curve would shift to the right.
C. the supply curve would become vertical.
D. the demand curve would shift to the left.
Answer: B
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Census data clearly shows the United States economy is becoming increasingly more oligopolistic
Indicate whether the statement is true or false
The interest rate the Fed charges for secondary credit is:
A. above the primary discount rate. B. equal to the primary discount rate. C. below the market federal funds rate. D. below the primary discount rate.
Refer to the information provided in Figure 9.2 below to answer the question(s) that follow.
Figure 9.2Refer to Figure 9.2. In the $6-$7 price range, the firm will
A. break even. B. shut down. C. continue to operate but at a loss. D. earn a profit.
When a nation first begins to trade with other countries and the nation becomes an importer of corn,
a. this is an indication that the world price of corn exceeds the nation's domestic price of corn in the absence of trade. b. this is an indication that the nation has a comparative advantage in producing corn. c. the nation's consumers of corn become better off and the nation's producers of corn become worse off. d. All of the above are correct.