Unregulated natural monopolies:
A. create no problems for policy-makers.
B. are always protected by government policy.
C. can capture profits by restricting output.
D. never capture lowest costs per unit possible.
Answer: C
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If the level of consumption is? $120 billion and disposable income is? $150 billion, then the
A. APC? = 0.8 and saving is positive. B. APC? = 0.8 and saving is negative. C. APC? = 0.75 and saving is positive. D. APC? = 0.75 and saving is negative.
If there is a greater degree of economic similarity between the home nation and the base currency nation, the economic stabilization benefit of pegged exchange rates:
A) gets smaller. B) becomes more equal. C) gets larger. D) disappears.
Economics is the study of:
A. the financial concerns of businesses and individuals. B. the role of government in limiting the choices people make. C. whether we will have enough resources in the future. D. choice in the face of limited resources.
Paper Pushers Inc. hires workers in a competitive labor market. Apart from labor, the company has no other variable inputs. The company's hourly output varies with the number of workers hired, as shown in the table. WorkersPages/hour0014027531054125514061507155 If each page sells for $2 and the market wage is $15 per hour, then this firm will hire ________ workers per hour.
A. 4 B. 6 C. 5 D. 7