A firm that faces a downward sloping demand curve is known as a
A) price taker.
B) utility maximizer.
C) price searcher.
D) perfect competitor.
Answer: C
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The figure above shows a monopoly's total revenue and total cost curves. The monopoly's economic profit is positive if it produces between
A) 0 and 5 units. B) 0 and 15 units. C) 0 and 20 units. D) 5 and 20 units.
Which of the following are NOT liabilities on the Fed's balance sheet?
A) discount loans B) bank deposits C) deferred availability cash items D) U.S. Treasury deposits
A favorable supply shock abroad would
A. increase U.S. imports and decrease aggregate demand. B. decrease U.S. net exports and reduce aggregate supply. C. decrease U.S. net exports and decrease national income. D. increase U.S. net exports and increase aggregate demand.
The growth of international banking has:
A. increased the monopoly power of most banks. B. enhanced economic growth in many countries. C. decreased the competition that domestic banks face. D. decreased the efficiency of most banks.