Which of the following would most likely be classified as a natural monopoly?
A. Microsoft
B. a city water district
C. Disneyland
D. Exxon-Mobil
Answer: B
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Refer to the information provided in Figure 1.5 below to answer the question(s) that follow.
Figure 1.5Refer to Figure 1.5. Which of the Panels shows a curve or line that has a slope that is positive and decreasing?
A. A B. B C. C D. D
If the expected future price of a stock is revised upward and all else is equal, today's price of the stock will
A. remain unchanged. B. adjust to reflect a lower ratio of price to (current) earnings. C. fall. D. rise.
If the marginal propensity to consume is 0.75, then the value of the tax multiplier is
A) -2.5. B) -3. C) 1.25. D) 1.4.
The Federal Reserve monetary policy goals of maximum employment means
A) aiming for an amount of employment that exceeds full employment. B) cyclical unemployment should not necessarily be minimized. C) keeping the unemployment rate close to the natural unemployment rate. D) a zero percent natural unemployment rate. E) a zero percent unemployment rate.