In 2009, which category accounted for the highest share in the U.S. imports?
a. Industrial supplies
b. Capital goods
c. Services
d. Consumer goods
a
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A firm that practices multimarket price discrimination will set the lower price in the market that has the most elastic demand
Indicate whether the statement is true or false
Professional athletes would earn even more if it were not for the ____________ power of professional sports.
A. monopoly B. monopsony C. union D. None of these choices are true.
Faced with a large federal budget deficit, the government decides to decrease expenditures and tax revenues by the same amount. This action will affect output and interest rates in which of the following ways?
A) Increase/Increase B) Increase/Decrease C) no change/Decrease D) Decrease/Increase E) Decrease/Decrease
The relationship between the overall price level in the economy and total production by firms is shown in the:
A. inflation rate. B. aggregate supply curve. C. business cycle. D. aggregate demand curve.