If average total cost is rising
A) marginal cost is above average total cost.
B) marginal cost is rising.
C) marginal product is rising.
D) marginal cost is above average total cost and is falling.
A
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If Congress fails to pass a budget before the fiscal year starts, then federal agencies may continue to operate only if Congress has passed a:
a. balanced budget amendment. b. deficit reduction plan. c. conference resolution. d. continuing resolution.
If a price-discriminating monopolist sells the same product in two markets but charges a lower price in market X and a higher price in market Y, the pricing difference indicates that demand is:
A. the same in both markets X and Y. B. less elastic in market X than market Y. C. more elastic in market Y than market X. D. more elastic in market X than market Y.
In situations in which prices cannot be used to signal relative scarcities of goods, which of the following can serve as a rationing mechanism?
A. political power B. random assignment C. queuing D. All of these
Savings accounts are included in
A. M1 and M2. B. M2 only. C. M1 only. D. None of the choices are correct.