The marginal benefit of pollution abatement
A. decreases as pollution abatement increases because of the law of diminishing marginal utility.
B. increases at an increasing rate as abatement increases.
C. increases as pollution abatement increases because of the law of increasing marginal returns.
D. is constant as pollution abatement increases.
Answer: A
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High-powered money minus reserves equals
A) reserves. B) currency in circulation. C) the monetary base. D) the nonborrowed base.
A natural monopoly is based on economies of scale
a. True b. False
If the discount rate is raised then banks borrow
a. more from the Fed so reserves increase. b. more from the Fed so reserves decrease. c. less from the Fed so reserves increase. d. less from the Fed so reserves decrease.
As noted in the text, which of the following was used by Nintendo to control the video game market?
A.) A natural monopoly. B.) Economies of scale. C.) A government franchise. D.) Exclusive licensing