One of the elements of monopolization is
A) having a superior product or having a superior business acumen..
B) the possession of monopoly power in the relevant market.
C) when only one firm exists in an industry.
D) having a significant pricing power due to an accident in the relevant market.
Answer: B
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One of the major chains of causation in macroeconomic policymaking is government manipulation of ________ in order to affect ________, and thus ultimately ________
A) the money supply, the interest rate, equilibrium income B) the money supply, equilibrium income, the interest rate C) the interest rate, equilibrium income, the money supply D) equilibrium income, the interest rate, the money supply E) equilibrium income, the money supply, the interest rate
Derived demand means
A. labor demand will shift about in a random fashion. B. labor demand is derived from demand for the product it produces. C. labor demand is determined by the supply of labor. D. the labor demand curve will be upward sloping.
Which of the following is true?
A. The poverty rate among women is higher than that of men, and the poverty rate among female-headed households is greater than among married households. B. The poverty rate among female-headed households is greater than among married households. C. The poverty rate among women is higher than that of men. D. The number of poor whites is less than the number of poor blacks.
Refer to the figure below. Based on the diagram, the nominal interest rate equals ________ and the money supply equals ________. 
A. 7%; 300 B. 5%; 500 C. 1%; 500 D. 3%; 700