Which of the following is most likely to be a monopoly?
A. The Washington Post newspaper
B. Verizon, a wireless service provider
C. a public water utility
D. Ford, an auto manufacturer
Answer: C
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If a country bans the importation of a particular good, the market equilibrium is shown by the intersection of the foreign demand curve and the domestic supply curve
Indicate whether the statement is true or false
Which of the following individuals is NOT counted as unemployed?
A. Jennifer, who just graduated from college and is now seeking employment with the company of her dreams. B. Jackie, who was recently fired and is now applying for another job C. Jack, who has become discouraged about ever finding a job and has stopped looking D. Jamil, who recently quit his job and is looking for a new position
Marginal factor cost is
A. the change in the value of output from using an additional unit of the factor. B. the cost of using an additional unit of an input. C. the total value of factor cost divided by the one cost that is being held constant. D. the cost of an additional unit of output.
If the foreign income decrease, then we might expect net export spending to:
A. remain constant. B. increase. C. decrease. D. there is not enough information to determine what would happen.