The Fed's exit strategy refers to how they will exit from political discussion
a. true
b. false
Ans: b. false
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Use the following graph for a competitive market to answer the question below.
Assume the government imposes a $3 tax on buyers, which results in a shift of the demand curve from D1 to D2. The price the seller receives for the product after the tax is imposed on the buyer is
A. $7. B. $5. C. $8. D. $3.
A decrease in price of a certain good most likely will lead to
A. an increase in quantity demanded and an increase in the demand for that good. B. an increase in quantity demanded but no change in the demand for that good. C. an increase in demand but no change in quantity demanded. D. no change in demand and no change in quantity demanded.
Large oligopoly firms are often able to take advantage of significant economies of scale. As a result, they can often produce at a lower average total cost than can smaller firms
a. True b. False Indicate whether the statement is true or false
Refer to the accompanying figure. Suppose this demand curve shows the demand for lattes at a single coffee shop that charges $2.00 for a latte. If the manager wants to increase total revenue, what should the manager do?
A. Increase the price from $2.00 to $2.50. B. Reduce the price from $2.00 to $1.75. C. Reduce the price from $2.00 to $1.00. D. Increase the price from $2.00 to $3.00.