The saying "What's that got to do with the price of tea?" reflects
A) two markets where general equilibrium analysis would be most useful.
B) two markets where general equilibrium analysis likely won't be very useful.
C) two markets where the products are clearly closely related.
D) two markets where firms are incredibly greedy.
B
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Which of the following is always true of monopolists?
a. They charge the highest possible price. b. They always earn high profits. c. They do not have to worry about demand. d. They charge a price higher than marginal cost.
__________________: Occasionally, properties are sold with nonmarket financing. Favorable mortgage financing may allow buyers to pay a somewhat higher purchase price
Fill in the blank(s) with the appropriate word(s).
Federal tax dollars can be spent only if
A. Congress passes a law and overrides a veto. B. Congress passes a law that the President signs. C. Congress passes a law that the President signs and overrides a veto. D. Congress passes a law and fails to override the veto.
Per capita GDP will definitely rise if
A. The rate of economic growth is less than the rate of population growth. B. The population falls and GDP does not fall. C. There is a decrease in the size of the working population. D. The rate of economic growth falls.