A firm typically achieves its position as a monopolist as a result of
A) a small market and a constant average cost.
B) a downward sloping demand for the product.
C) barriers to entry.
D) the absence of long-run profits in an industry.
C
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Which of the following is NOT related to fiscal policy?
A) increasing government expenditures B) decreasing marginal tax rates C) passage of new securities laws D) reducing the budget deficit
The decrease in the value of the capital that results from its use and obsolescence is
A) depreciation. B) net investment. C) appreciation. D) deconstruction. E) gross investment.
Who is credited for the original development of the model of aggregate demand and aggregate supply?
Refer to the given data. At a world price of $5:
Answer the question on the basis of the following data for the hypothetical nations of Alpha and Beta. Q s is domestic quantity supplied and Q d is domestic quantity demanded.
A. Alpha will want to import 50 units of steel.
B. Beta will want to import 60 units of steel.
C. Alpha will want to export 50 units of steel.
D. neither country will want to export steel.