Using the information in Table 6.2, the Astro Consumer Price Index for 2016 is
A) 87. B) 104. C) 131. D) 298.
C
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Interlace, Inc produces and a unique soda. The company cannot price discriminate. The figure above shows Interlace's demand curve, marginal revenue curve, and marginal cost curve. Interlace, Inc is definitely
A) a perfectly competitive firm. B) not a perfectly competitive firm. C) a natural monopoly. D) None of the above answers is correct.
With respect to prices, at the macroeconomic level attention is focused on relative prices, while at the microeconomic level attention is focused on absolute prices
Indicate whether the statement is true or false
The rate of interest that equates saving and investment at full employment is called the
A) real rate. B) nominal rate. C) natural rate. D) discount rate.
The "invisible hand" concept to describe the guiding function of prices was developed by:
A. Milton Friedman. B. Jeremy Bentham. C. Adam Smith. D. David Ricardo.