Monopoly firms may lead to higher costs than perfectly competitive firms.
Answer the following statement true (T) or false (F)
True
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Are checks money?
What will be an ideal response?
If the Fed reduces the required reserve ratio,
a. excess reserves will increase. b. excess reserves will decrease. c. total reserves will increase. d. total reserves will decrease.
Figure 18-2
Figure 18-2 shows the widget market before and after an excise tax is imposed. What percentage of the tax per widget is borne by consumers, considering the true economic incidence of the tax?
A. 0 percent B. 20 percent C. 50 percent D. 80 percent
Refer to the information provided in Table 33.2 below to answer the question(s) that follow.
Table 33.2
Refer to Table 33.2. In Thailand, the opportunity cost of
A. a motorcycle is 1/30 of a tractor. B. a motorcycle is 1/15 of a tractor. C. a motorcycle is 15 tractors. D. a tractor is 20 motorcycles.