Use the above figure. The profit this monopolist earns is closest to
A. $3,000.
B. $1,600.
C. $1,000.
D. $4,800.
Answer: A
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In the balance of payments, a deficit item is any transaction
A) that leads to a receipt by a resident of a country or its government. B) that leads to a payment by a resident of a country or its government. C) that is an export of a good or service. D) that makes residents of a country worse off.
Researchers use cost-of-illness studies to
a. study the burden of a disease b. determine the low-cost option to treat a disease c. compare two or more treatment options when the medical outcome is identical d. increase public awareness of cost of treating certain diseases e. All of the above
Which economist said, "This focus on distribution makes the significance of distributional issues (transfer issues) in political life relatively greater and the significance of widespread common interest in political life relatively smaller."?
A) John Maynard Keynes B) Milton Friedman C) David Friedman D) Mancur Olson E) David Ricardo
Based on the graph showing the effects of an investment tax credit or a technological change, a technological change that increases demand for loanable funds would lead to ______.
a. a shift in the demand curve for loanable funds to the left
b. a shift in the supply curve for loanable funds to the left
c. a decrease in loanable funds from Q2 to Q1
d. an increase in loanable funds from Q1 to Q2