As the U.S. population ages, the structure of the demand for food products will change with
A) an increase in the demand for red meat products and a decrease in the demand for fish and poultry.
B) an increase in the demand for dairy products and a decrease in the demand for red meat.
C) an increase in the demand for fruits, vegetables and fish and a decrease in demand for fried foods, dairy products and items that contain a lot of sugar.
D) an increase in the demand for beverages and drinks and a decrease in the demand for solid food.
C
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Unlike perfectly competitive firms, monopolists produce where marginal revenue intersects marginal cost.
Answer the following statement true (T) or false (F)
A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with ________ had lower inflation rates than countries with ________
A) a large government debt; little to no government debt B) highly independent central banks; central banks that have little independence C) low rates of unemployment; high rates of unemployment D) no private banking system; an independent banking system
A firm that places its assets in the custody of a board of trustees is called a:
a. trust. b. combination. c. cartel. d. all of these.
The United States produces ____ of what it consumes, and consumes ____ of what it produces.
A. little; little B. little; most C. most; little D. most; most