The amount of a product that is produced is most directly affected by
A. labor unions.
B. product utility.
C. product value.
D. consumer demand
D. consumer demand
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Which of the following is not a difference between monopolies and perfectly competitive markets?
a. Monopolies can earn profits in the long run while perfectly competitive firms break even. b. Monopolies charge a price higher than marginal cost while perfectly competitive firms charge a price equal to marginal cost. c. Monopolies choose to produce the quantity at which marginal revenue equals marginal cost while perfectly competitive firms do not. d. Monopolies face downward sloping demand curves while perfectly competitive firms face horizontal demand curves.
A U.S. firm buys bonds issued by a technology center in India. This purchase is an example of U.S
a. foreign portfolio investment. By itself it is an increase in U.S. holdings of foreign bonds and increases U.S. net capital outflow. b. foreign portfolio investment. By itself it is an increase in U.S. holdings of foreign bonds and decreases U.S. net capital outflow. c. foreign direct investment. By itself it is an increase in U.S. holdings of foreign bonds and increases U.S. net capital outflow. d. foreign direct investment. By itself it is an increase in U.S. holdings of foreign bonds and decreases U.S. net capital outflow.
The money demand curve slopes _____
Fill in the blank(s) with the appropriate word(s).
If demand and supply have the same elasticity, the seller will pay ________ of a tax.
Fill in the blank(s) with the appropriate word(s).