A tariff has one distinct advantage over a quota. It increases tax revenues to the government
a. True
b. False
Indicate whether the statement is true or false
True
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The marginal revenue curve for a monopolist
a. is identical to its demand curve. b. is always below its demand curve if the demand curve is downward sloping. c. is always below its demand curve if the demand curve is horizontal. d. typically crosses the average revenue curve.
The number of U.S. workers in unions today is:
A. about 13%of all wage and salary workers. B. roughly equivalent to what it was in the 1950s. C. just under 15 million Americans. D. not something we can estimate due to the lack of information on all people in the labor market.
The poverty line was originally determined by taking the cost of a minimal food budget for a family and multiplying by 2
Indicate whether the statement is true or false
If the Fed increases the money supply, the interest rate
a. rises and spending increases b. rises and spending decreases c. falls and spending increases d. falls and spending decreases e. falls, business spending increases, and consumer spending decreases