In the above figure, the difference between the competitive industry price and that of the monopolist is
A. CE.
B. 0B.
C. 0A.
D. AB.
Answer: D
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The necessary ingredients for DNA synthesis can be mixed together in a test tube. The DNA polymerase is from Thermus aquaticus, and the template is from a human cell. The DNA synthesized would be most similar to
A. T. aquaticus DNA.
B. T. aquaticus RNA.
C. human RNA.
D. a mixture of human and T. aquaticus DNA.
E. human DNA.
If a bond is sold in the secondary market,
a. the issuing firm is buying back its own bond b. the issuing firm does not obtain any part of the price c. the seller remits a portion of the price to the issuing firm d. the yield must be insufficient to justify sale on the primary market e. the seller is the issuing firm
Which of the following best summarizes the importance of business failure and the central idea of "creative destruction in a market economy"?
A) When a business fails, the assets and resources from that business become unemployed, resulting in higher government subsidies. B) Only through frequent business failure will it be possible to avoid income being concentrated into the hands of a few rich entrepreneurs. C) The new, rival businesses that drive out old competitors tend to be less efficient and less creative than the older established businesses. D) Business failure allows the assets and resources from that business to move into other areas where they will be more productive.
Producers:
A.) Provide dollars to the product market. B.) Purchase factors of production from the factor market. C.) Do not participate in the factor market. D.) Provide factors of production to the product market.