The market demand curve for a monopolist is typically
a. unit price elastic.
b. downward sloping.
c. horizontal.
d. vertical.
b
You might also like to view...
The benefits of economic growth are ________, while the costs of economic growth are ________.
A. increased output per person; less future consumption B. increased output per person; too small for concern C. more current consumption; less future consumption D. increased output per person; the consumption sacrificed in exchange for capital formation
Which of the following would be counted as a final good for inclusion in GDP?
a. A piece of glass bought this year by a consumer to fix a broken window. b. A sheet of glass produced this year by Ford for windows in a new car. c. A tire produced this year and sold to a car maker for a new car sold this year. d. None of these would be counted in GDP.
A tax system based on the ability-to-pay principle claims that all citizens should
a. pay taxes based on the benefits they receive from government services. b. pay the same amount in taxes. c. pay taxes based on consumption rather than income. d. make an equal sacrifice.
Banks can borrow reserves from each other through:
A. open market purchases. B. secondary reserves. C. the Fed funds market. D. the Federal Open Market Committee.