An economist who studies the sales and profits of a large corporation would be classified as a(n)
A. macroeconomist.
B. equity analyst.
C. stock broker.
D. microeconomist.
E. social economist.
Answer: D
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________________, which produced ______________, is commonly cited as the first American factory
a. The Oliver Evans Mill; flour b. The Almy, Slater, Brown Mill; yarn and thread c. The Boston Manufacturing Company; cotton d. The Whitney Armaments Firm; guns
Which of these is a key difference between a perfectly competitive firm and a monopolistically competitive firm?
a. A monopolistically competitive firm faces a downward-sloping demand curve, while a perfectly competitive producer faces an upward-sloping demand curve. b. A monopolistically competitive firm has no control over the market price, while a perfectly competitive firm has some control over the market price. c. A monopolistically competitive firm faces a horizontal demand curve, while a perfectly competitive producer faces a downward-sloping demand curve. d. A monopolistically competitive firm has some control over the market price, while a perfectly competitive firm has no control over the market price.
Hurricane Katrina caused the price of oil to increase. This is an example of
A. inflation. B. deflation. C. the operations of supply and demand. D. a sustained inflation.
Which of the following is an example of fiscal policy?
A) a reduction in the money supply. B) a reduction in the federal funds rate. C) a reduction in lump-sum taxes. D) an increase in the physical stock of capital.