A distinguishing characteristic of a natural monopoly is that
a. the government restricts the number of firms to one for the industry
b. the ATC curve is downward sloping over the entire production range
c. the TC curve is downward sloping over the entire production range
d. its demand curve is horizontal
e. the industry's demand curve is also the firm's demand curve
B
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Explain the law of one price and the theory of purchasing power parity. Why doesn't purchasing power parity explain all exchange rate movements in the short run? What factors determine long-run exchange rates?
What will be an ideal response?
The larger the U.S. imposed per unit import tariff on a good imported and that is also produced in the U.S
A) the smaller the U.S consumer surplus. B) the larger the U.S. producer surplus. C) government revenue may be larger or smaller. D) All of the above.
How does investment as a share of GDP in countries with more economic freedom compare with economies that are less free? How does the productivity of investment in the freer economies compare with its productivity in the less free economies? How will this influence differences in growth rates and income levels? Explain
is U.S net ports are negative
What will be an ideal response?