The informal sector can be a significant drag on the economies of developing countries because the firms in the informal sector
A) employ illegal immigrants from other countries.
B) produce goods and services no one wants.
C) sell their goods and services to citizens in other countries.
D) do not pay taxes to the government.
D
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Use the following graph for a pure monopoly operating in the short-run to answer the next question.
To maximize profits, this firm should charge a price of ________.
A. 0B B. 0C C. 0A D. not labeled on the graph
When the percentage change in the quantity demanded is less than the percentage change in price, then demand is
A) inelastic. B) unit elastic. C) elastic. D) irrelevant. E) undefined.
Consider an economy made up of 100 people, 60 of whom old jobs, 10 of whom are looking for work, and 15 of whom are retired. The number counted as unemployed is:
a. 10. b. 15. c. 40. d. 30. e. 90.
If the Fed conducts open-market purchases, the money supply
a. increases and aggregate demand shifts right. b. increases and aggregate demand shifts left. c. decreases and aggregate demand shifts right. d. decreases and aggregate demand shifts left.