Monopolies in successive markets result in
A) a double markup for consumers.
B) more output than if the input market is competitive.
C) a lower output price than if the input market is competitive.
D) All of the above.
A
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One concern is that while _________________ may be benefiting high-skilled, high-wage workers in the United States, it may also impose costs on low-skilled, low-wage workers.
a. international trade b. blocking trade c. economic decline d. limiting trade
During which period did the United States experience a trade balance greater than -$700 billion on goods and services?
a. 1970–1979
b. 1980–1989
c. 1990–1999
d. 2000–2009
In a Lorenz curve diagram, the 45° line represents:
A. perfect income equality. B. zero inflation. C. a negative income tax. D. an extremely unequal distribution of income.
A key use of interest-rate swaps is to:
A. eliminate risk for both parties involved in the transaction. B. manage government revenues. C. earn the fees for constructing the swaps. D. provide a hedge against interest-rate risk.