When the charge against ALCOA for exercising monopoly control of the aluminum market was brought to court, ALCOA's market share, excluding scrap aluminum, was
a. 100 percent
b. 90 percent
c. 80 percent
d. 65 percent
e. 33 percent
B
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Less-developed countries are experiencing rapid population growth because birthrates are on the rise and mortality rates are falling
a. True b. False Indicate whether the statement is true or false
Crowding out suggests that debt promotes overconsumption
Indicate whether the statement is true or false
In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X.The price of complementary consumer good Y rises. At the same time, government creates subsidies for firms producing X. When both of these occur, what outcome will occur with greatest certainty?
A. decrease D, increase S, decrease P, and effect on Q uncertain. B. decrease D, decrease S, decrease Q, and effect on P uncertain. C. decrease D, increase S, decrease P, and increase Q. D. decrease D, increase S, decrease P, and decrease Q.
In the above figure, if the interest rate is 3 percent per year, the quantity of money demanded is
A) greater than the quantity of money supplied, and the demand for money curve will shift. B) greater than the quantity of money supplied, and the supply of money curve will shift. C) less than the quantity of money supplied, and the demand for money curve will shift. D) greater than the quantity of money supplied, and the interest rate will change. E) less than the quantity of money supplied, and the interest rate will change.