If a monopolist can price discriminate among buyers, it will charge buyers with more elastic demands a higher price.
Answer the following statement true (T) or false (F)
False
A price-discriminating monopolist charges buyers with more inelastic demand a higher price.
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If the number of people unemployed is 100, the number of people employed is 1000, and the working-age population is 1400, then the labor force participation rate is
A) 78.6 percent. B) 71.4 percent. C) 64.3 percent. D) 66.6 percent.
Borrowed funds are used in financing every component of GDP
a. True b. False Indicate whether the statement is true or false
If the ABC company owns the exclusive rights to mine land in Afghanistan for Lapis Lazuli, a rare stone used in jewelry which is found only in Afghanistan, the company benefits from a barrier to entry
a. True b. False Indicate whether the statement is true or false
Based on the graphic showing the Lorenz Curve, which of the following would represent the most equal income distribution?
a. a straighter line to the left of the Lorenz curve for 1980
b. a line between the Lorenz curves for 1980 and 2017
c. a more curved line to the right of the Lorenz curve for 2017
d. a line that matched the Lorenz curve for 1980