Regardless of the demand for its product, a monopolist will be able to earn positive economic profits
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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Corporate profits are taxed at too low a rate.
Indicate whether the statement is true or false.
Economics
Because of automatic stabilizers, in recessions the government budget deficit ________, while in expansions the deficit ________
A) falls; rises B) falls; falls C) rises; falls D) rises; rises
Economics
A merger between two manufacturers of computers would result in which of the following?
a. A vertical merger. b. A conglomerate merger. c. A horizontal merger. d. A monopoly merger.
Economics
The field of macroeconomics developed when economists looked for causes of:
A. poverty and inflation. B. World War I. C. the Great Depression. D. the wealth of nations.
Economics