Barriers to entry enable many monopolists to
A) charge as high a price as they want.
B) make people buy more of a good than they really want.
C) earn economic profits in the long run.
D) manipulate the government into providing special favors for themselves.
Answer: C
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In an open economy,[C + I + G + EX - IM] equals
A. unplanned inventories. B. aggregate supply. C. the balance of trade. D. planned aggregate expenditures.
Refer to the information provided in Table 36.2 below to answer the question(s) that follow. Table 36.2 PointAggregate Income (Y)Aggregate Consumption (C) A 10 14 B 20 23 C 30 25 D 40 26 E 50 34 F 60 39The data in the table was used to estimate the following consumption function: C = 12 + 0.4YRefer to Table 36.2. The SUM that is calculated from all the error points from the table is equal to
A. -5. B. +13. C. +25. D. +31.
Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Morocco gain compared to the "without trade" numbers?
A) 0 B) 10 C) 50 D) 60
If a Canadian firm opens a production facility in the United States, the profits from this production facility received by the Canadian owners of the firm in exchange for the factors of production they supply will be included in the
A) gross domestic product of Canada. B) gross national product of the United States. C) gross national product of Canada. D) exports from Canada and imports to the United States.