The tariff imposed to punish a foreign discriminating monopolist is called:
a. antidumping duty.
b. a subsidy.
c. punitive damages.
d. a fine.
Answer: a. antidumping duty.
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Tony's Italian Ice is a monopolistically competitive firm. If Tony's earns a profit in the short run, which of the following is most likely to occur?
A) New firms that sell Italian ice will enter the market and Tony's demand curve will shift to the right. B) New firms that sell Italian ice will enter the market and Tony's demand curve will become more inelastic. C) New firms that sell Italian ice will enter the market and Tony's cost curves will shift to the left. D) New firms that sell Italian ice will enter the market and Tony's demand curve will shift to the left.
A larger budget deficit
a. raises the interest rate and investment. b. reduces the interest rate and investment. c. raises the interest rate and reduces investment. d. reduces the interest rate and raises investment.
Exhibit 9-8 Keynesian aggregate expenditures model
?
In Exhibit 9-8, the value of the spending multiplier is:
A. 3. B. 4. C. 5. D. 2.
Restaurants like to give away free salty peanuts while you wait for your food in order to encourage you to
A. Buy more beverages. B. Buy expensive salty food on the menu. C. buy more peanuts at the souvenir shop. D. None of the choices are correct.