The government of Lithasia has decided to set a minimum price for certain agricultural products in order to safeguard the interests of farmers. This is an example of a ________
A) price floor
B) price ceiling
C) Pigouvian tax
D) Pigouvian subsidy
A
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To maintain a monopoly, a firm must have
A) an insurmountable barrier to entry. B) a perfectly inelastic demand. C) few competitors. D) marginal revenue equal to demand.
Long-run macroeconomic equilibrium occurs when
A) aggregate demand equals short-run aggregate supply and they intersect at a point on the long-run aggregate supply curve. B) structural and frictional unemployment equals zero. C) aggregate demand equals short-run aggregate supply. D) output is above potential GDP.
From the late 1970s to the late 1980s, Hall (1994) finds that leverage buyouts most commonly take place among firms
(a) in the volatile tech industry. (b) facing steep global competition. (c) that are unstable. (d) like those mentioned in all of the above.
A minority candidate may not have the same chances as a white candidate for a job simply based on an employer's misconceptions about minorities
a. True b. False Indicate whether the statement is true or false