Refer to the above figure. An unregulated natural monopolist's profits will be
A) profits equal to Q1 times distance a-c.
B) losses equal to Q4 times distance f-g.
C) losses equal to Q3 times distance d-e.
D) profits equal to Q1 times distance a-b.
D
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If monopolistic competitors are making profits, in the long run ______ and market price will ______.
Fill in the blank(s) with the appropriate word(s).
Central banks around the world that are ________ are most effective.
A. independent of political influence B. run by those elected by popular vote C. run by those appointed for life D. controlled by political parties
Which of these is among the principal determinants of economic growth?
A) inflation B) the financial system C) the central bank D) the government budget deficit E) stabilization policy
A change in demand cannot be caused by a change in
a. tastes b. population c. the prices of other goods d. expectations of future prices e. the price of the good itself