In 1997, the Justice Department brought a lawsuit against ________ because its growing market power had enabled the company to crush competitors, eliminate competition and innovation.
A. Microsoft
B. Walt Disney
C. Exxon
D. Standard Oil
A. Microsoft
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The three business cycle models differ mostly in their treatment of ________
A) aggregate demand B) short-run aggregate supply C) long-run aggregate supply D) productivity shocks
Marginal utility is defined as the
a. extra satisfaction the consumer receives from an extra $1 of income b. total satisfaction a consumer receives consuming goods c. difference between total satisfaction and the extra satisfaction a consumer receives consuming a good d. extra satisfaction a person derives from consuming an additional unit of a good e. ratio of the utility a good provides to the price of that good, i.e., MU = U/P
There are __________ Federal Reserve Districts
A) seven B) eleven C) twelve D) fourteen
For a monopolist, ______.
a. its demand curve is downward sloping b. its marginal revenue is less than price c. existing economic profits can be sustained over time d. all of these