Which of the following firms is in a monopolistically competitive market?
A. Oral -B (a toothbrush manufacturer)
B. the U.S. Postal Service
C. Marlboro (a cigarette manufacturer)
D. United Airlines (an airline company)
Answer: A
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The quantity of money demanded is proportional to
A) real GDP. B) the price level. C) the nominal interest rate. D) the real interest rate. E) the inflation rate.
The utility we get from something:
A. is a measurement of our direct benefit of consuming the good. B. is a measurement of the benefit of consuming the good relative to the opportunity cost. C. is a measurement of outside perceptions and inner preferences. D. is a measurement of outside benefits and inner costs.
Profits or losses must be temporary for perfectly competitive firms. Why?
What will be an ideal response?
Approximately ____ percent of federal government spending in 2007 was for transfer payments and interest payments
a. 5 b. 10 c. 55 d. 30 e. 75