Monopolists
A) maximize revenue, not profits.
B) have no short-run fixed costs.
C) face downward sloping demand curves.
D) are price takers.
C
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When economists refer to the "brain drain" in developing countries what do they mean?
What will be an ideal response?
In the long run, the output of a monopolistically competitive firm
a. exceeds that of an otherwise similar perfectly competitive firm b. is less than that of an otherwise similar perfectly competitive firm c. is at the point at which LRAC is minimized d. equals that of an otherwise similar perfectly competitive firm e. is less than that of an otherwise similar monopolist
Based on the graph showing the effects of a government budget deficit, a budget deficit would ______.
a. increase the demand curve for loanable funds
b. decrease the demand curve for loanable funds
c. increase the supply curve for loanable funds
d. decrease the supply curve for loanable funds
The risk structure of interest rates refers to the:
A. additional interest required to compensate the buyer for the longer maturity of the bond. B. relationship among the interest rates of bonds with different maturities. C. relationship among the interest rates of bonds from different issuers with the same maturities. D. relationship among the interest rates of bonds from the same issuer but different maturities.