The general trend in the S&P 500 stock index since 1948 has been
A. flat.
B. increasing.
C. there has been no trend but it has been very volatile.
D. decreasing
Answer: B
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A monopolistically competitive firm ________
A) can increase price without losing all of its business B) loses all of its business if it increases price slightly C) faces a perfectly elastic demand curve D) faces a perfectly inelastic demand curve
If you deposit $10,000 in a savings account at an annual interest rate of 6%, how much will you have in the account at the end of three years?
A) $8,396 B) $11,800 C) $11,910 D) $10,600
If Japan has a current account surplus, then it must:
a. have an offsetting capital account deficit. b. also have a surplus in its capital account. c. import more goods than it exports. d. have a positive balance of payments.
A monopolist
A) can charge whatever price it wants because it is the only firm producing the good. B) can usually keep price equal to marginal revenue by lowering the price on the last unit sold only. C) faces a demand curve that is more elastic than the demand curve for the industry. D) is constrained in its pricing decisions by the demand curve it faces.