At a given output level, a monopolist earns a profit only if the
a. slope of its TR curve exceeds the slope of his TC curve.
b. height of its MR curve exceeds the height of his MC curve.
c. height of its demand curve exceeds the height of his MR curve.
d. height of its demand curve exceeds the height of his ATC curve.
d
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Which of the following is a nontariff barrier policy tool?
(a) Sanitary regulations. (b) Average duties. (c) Phased liberalization. (d) Ad valorem tax.
When expansionary monetary policy pushes interest rates downward to a low level,
a. the velocity of money will decline, which will weaken the expansionary impact on demand and nominal GDP. b. the velocity of money will increase, which will strengthen the expansionary impact on demand and nominal GDP. c. the prices of stocks and other real assets can be expected to fall, which will weaken the impact of the expansionary policy on demand and nominal GDP. d. the earnings derived from savings accounts will increase, which will stimulate demand and nominal GDP.
Which of the following is a type of command-and-control regulation?
A. A law requiring consumers of electronics to pay a tax according to the amount of toxic heavy metals in each item purchased B. A law setting the maximum allowable amount of sulfur dioxide (SO2) in a certain district, and auctioning off permits totaling the allowable tons of SO2 C. A law requiring coke ovens to be built in a certain way so as to restrict the amount of pollution they emit D. A law taxing users of fuels according to the carbon content in the fuel
Due to the fact that Curly used his frequent flyer miles to fly to visit Moe, Curly told Moe that it didn't cost him anything to visit. Is Curly correct?
A. No, because Curly had to pay for earlier trips in order to earn the frequent flyer miles. B. Yes, because Curly's frequent flyer miles made the trip free. C. Yes, because Curly could stay at Moe's house for free. D. No, because Curly could have used his frequent flyer miles to go somewhere else instead.