An individual demand schedule
What will be an ideal response?
tells the price at which a person's "quantity of demand" is met.
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A vertical merger, like the merger of Seagate and Dell, would be attractive
a. only to Dell because it then avoids paying monopoly prices to Seagate. b. only to Seagate because it can then obtain two monopoly rents. c. to both Seagate and Dell but not to consumers who would find no difference in their welfare. d. to Seagate, Dell and consumers, all of whom would stand to benefit in some way.
Compute the future value of $1,000 at a 6 percent interest rate after three different lengths of time. Use 6, 10 and 20 years into the future.
What will be an ideal response?
The current account balance does NOT equal
A. net foreign investment. B. the difference between domestic product and domestic expenditure. C. the difference between government saving and government investment. D. the difference between national saving and domestic investment.
Minimum wage laws contribute to a ________ unemployment rate by raising wages above the market clearing level in some labor markets.
A. market equilibrium B. natural C. lower D. higher