Which of the following would probably not be considered a natural monopoly?
a. a municipal water company
b. the local telephone industry
c. the cable television industry
d. natural gas and electric companies
e. the automobile industry
E
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Which of the following is NOT a consumption good?
A) a U.S. government bond B) a UPS truck C) Nike swimming trunks D) a Subway sandwich E) marriage counseling services
What is the definition of the unemployment rate? How are part-time workers and discouraged workers treated when calculating the unemployment rate?
What will be an ideal response?
Which of the following is the strongest evidence of a shift toward a more expansionary fiscal policy?
a. an increase in government spending as a share of the economy and an expansion in the size of the budget deficit b. a reduction in government spending as a share of the economy and a shift of the budget toward a surplus c. an increase in government spending as a share of the economy and a shift of the budget toward a surplus d. a reduction in government spending as a share of the economy and an expansion in the size of the budget deficit
The reserve ratio is 2 percent. If the Fed buys $1 million of U.S. government securities and the check is deposited in Bank A, but Bank A increases its vault cash by the entire amount, then the money supply
A. increases by $1 million. B. increases by more than $1 million. C. increases by $980,000. D. does not increase.