Authors are allowed to be monopolists in the sale of their books in order to

a. encourage authors to write more and better books.
b. correct for the negative externalities that the Internet and television impose.
c. satisfy literary advocacy groups that exercise their lobbying power.
d. promote a society in which people think for themselves and learn from whichever books they please.


a

Economics

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The marginal rate of substitution is: a. the total amount a consumer is willing to trade to get another good

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Economics

A run on a bank may occur if

a. depositors withdraw some funds to invest in the stock market. b. required reserves are increased. c. interest rates are raised. d. depositors lose confidence in the bank and attempt to withdraw all their funds. e. All of the above are correct.

Economics

Exhibit 1A-4 Straight line In Exhibit 1A-4, as X increases along the horizontal axis, corresponding to points A-D on the line, the Y value remains unchanged at 40 units. The relationship between the X and Y variables is:

A. direct. B. inverse. C. independent. D. undefined.

Economics

If expected profit falls, the demand for loanable funds curve shifts ________, and the real interest rate ________

A) leftward; does not change B) leftward; rises C) leftward; falls D) rightward; falls E) rightward; rises

Economics