In the U.S., charging monopoly-level prices
A) is evidence of a conspiracy.
B) is illegal.
C) is not necessarily illegal.
D) constitutes a per se violation.
C
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All of the following are reasons why people hold cash money except:
A. money can be used to buy goods. B. cash earns interest. C. to avoid losses from changes in bond prices. D. emergencies.
Suppose there is a policy debate regarding the United States’ imposing trade restrictions on imported tires.
A congresswoman from a state with several tire factories argues that the United States should threaten to impose a tariff on Chinese tires in order to induce the Chinese to remove its tariff on American cars. Which of the following justifications is the congresswoman using to argue for the trade restriction on tires? a. Infant-industry argument b. Jobs argument c. National-security argument d. Using-protection-as-a-bargaining-chip argument e. Unfair-competition argument
Use the following graph for a perfectly competitive firm to answer the next question.
If the firm is maximizing profits in the short run, the amount of economic profit per unit is
A. DH. B. EH. C. DE. D. DB.
Subprime borrowers ________
A) are those individuals who owe more on their mortgage than the value of their home B) possess a relatively low FICO score C) rely on mortgage-backed securities to support their mortgage applications D) are those with an income level below the value of their mortgage