When the market for a good is a natural monopoly, this results in
a. improved product choice for consumers
b. many producers charging low prices for the good.
c. dominance by a single producer of the good.
d. increased entry by new producers of the good.
c
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It is estimated that approximately __________ percent of U.S. depositors have their deposits fully federally insured
A) 25 B) 40 C) 70 D) 99
If disposable income increases by $400 billion and consumption increases by $300 billion, the MPC equals
A. 0.75. B. 0.60. C. 0.80. D. 0.68.
The Fed is often considered the bankers' bank because it:
A. demands much more currency than it has available. B. no longer has a monopoly on printing paper currency. C. lowers the discount rate in order to restrict the money supply. D. holds bankers reserves, provides banks with currency and loans, and clears their checks.
Suppose a U.S.-made machine costs $500 and the exchange rate is 100 yen = $1. A Japanese citizen purchasing this machine would pay:
A. 500 yen. B. 5,000 yen. C. 10,000 yen. D. 50,000 yen.