Higher interest rates increase both consumption and investment spending
Indicate whether the statement is true or false
FALSE
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A reduction in net exports shifts the aggregate
a. demand curve inward. b. demand curve outward. c. supply curve outward. d. supply curve inward.
When a certain monopoly sets its price at $8 it sells 64 units. When the monopoly sets its price at $9 it sells 62 units. The marginal revenue for the firm over this range is
a. $18. b. $23. c. $46. d. $92.
All of the following are included in the right to control one's property EXCEPT
A) The right to sell the property to a neighbor B) The right to exclude the utilities' meter reader C) The right to erect "no trespassing" signs D) The right to enjoy profits from its ownership
Which of the following is not a barrier to entry for monopoly?
A. a patent B. government licensing C. large economies of scale D. a large number of existing firms in a market