The market for microcomputers (PCs) is fairly competitive and the products are somewhat homogeneous. Over time, new firms have entered the market to make profit on new configurations of the microcomputer, and profits
A. have become razor thin for many producers.
B. have stayed the same for most firms.
C. have not influenced the decisions of the firms
D. have risen dramatically.
Answer: A
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To date, the longest prison sentence for violating the Sherman Act has been ________ years.
A) ten B) eight C) two D) five
Which of the following is an example of a positive, as opposed to normative, statement?
a. The federal government should decrease coverage of unemployment benefits to stimulate the economy out of the recession. b. Congress should agree on lower government spending for the next fiscal year. c. The Federal Reserve Bank should increase interest rates in response to the higher-than-expected inflation in the economy. d. The unemployment rate last year was lower than any other year in the last century.
The Marginal Propensity to Import (MPM) tells us:
(a) That society needs to import. (b) The proportion of each extra Euro of income that is spent on imports. (c) That the total volume of imports is constant over time. (d) The proportion of any extra income that will be spent on exports.
Open Market Operations refer to the buying and selling of
A. corporate equities. B. government securities. C. commodities. D. gold.