Which of the following would result from a tariff?
a. An increase in government budget deficit
b. An increase in domestic production
c. A greater volume of international trade
d. Increased domestic consumption
e. Decrease in prices of the imported goods
b
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The two major types of finance company are
A) captive and specialty. B) public and private. C) consumer and commercial. D) insured and uninsured.
The demand curve for a monopoly is:
a. the MC curve above the AVC curve. b. the MR curve above the horizontal axis. c. also the industry demand curve. d. identical to the MR curve.
A monopolist ________ if it chooses to sell fewer units of output.
A. can set its price wherever it desires B. can increase the price C. must decrease the price D. cannot change the price
Consider the market for broccoli. If the price of a pound of broccoli increases, what happens to the supply of broccoli?
A) The supply of broccoli decreases. B) The supply of broccoli increases. C) There will be no change in the supply of broccoli, but instead there is an increase in the quantity supplied of broccoli. D) There will be no change in the supply of broccoli, but instead there is a decrease in the quantity supplied of broccoli.