Pareto optimal policies will improve life for:
A. some people while hurting others.
B. at least half the population.
C. some people while hurting no one.
D. at least 75 percent of the population.
Answer: C
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Use the information in the following table to answer the next question.Money SupplyMoney DemandInterest RateInvestment (at interest rate shown)$400$6002%$7004005003600400400450040030053004002006200The amount of investment that will be forthcoming in this economy at equilibrium is ________.
A. $500 B. $600 C. $700 D. $300
Roxie's Movie Theatre is the only one in town. The table above gives the demand schedule for movies
If Roxie's is a single-price monopoly and the marginal cost of a movie is $6, Roxie's will charge ________ a movie and will sell ________ movie tickets a week. A) $15; 100 B) $12; 200 C) $6; 400 D) $9; 300
A firm in long-run equilibrium under monopolistic competition will earn
A) zero economic profits because of free entry. B) positive monopoly profits because each sells a differentiated product. C) positive oligopoly profits because each firm sells a differentiated product. D) negative economic profits because it has economies of scale. E) positive economic profit if it engages in international trade.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.