Which of the following can prevent markets from reaching efficiency? I. price regulations that cap the price that may be charged II. increasing marginal cost III. monopoly
A) I only
B) I and II
C) II and III
D) I and III
D
Economics
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A) normative statement. B) positive statement. C) descriptive statement. D) theoretical statement.
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Eurodollars are mainly traded in Europe
Indicate whether the statement is true or false
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Which of the following topics is a macroeconomic subject?
A) a proposed merger between two companies B) the level of sales at a particular department store C) increases in the overall price level of a nation D) the pricing decision of a firm
Economics
If your business earns $10,000 in revenues, has explicit costs of $8,000, and implicit costs of $5,000, your economic profit is
A) $2,000. B) -$3,000. C) $5,000. D) $3,000.
Economics