he United States' economy was most depressed in
A. 1923.
B. 1933.
C. 1943.
D. 1953.
B. 1933.
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A natural monopoly exists when a firm
a. owns all of the world's known reserves of a natural resource. b. has an average cost curve that is decreasing at the point where it crosses demand. c. has obtained a patent on a new genetically modified organism. d. is able to practice price discrimination in the sale of a natural resource.
A marginally attached worker
i. does not have a job and has not looked for one in the last month. ii. is available and willing to work. iii. must work at least 1 hour per week. A) iii only B) ii only C) ii and iii D) i and ii E) i only
In general, the demand for the product of a monopolistic competitor is
A) unitary elastic. B) relatively inelastic. C) relatively elastic. D) perfectly elastic.
Teacher absenteeism is a problem facing education in the developing world.
Answer the following statement true (T) or false (F)