Which of the following is true about a monopoly?
A. A monopoly charges a higher price and produces a lower output level than if the market were competitive.
B. A monopoly is guaranteed an economic profit.
C. A monopoly charges the highest possible price.
D. A monopoly will shut down whenever losses are incurred.
Answer: A
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Which of the following holds the reserves of private banks in the United States?
A) The Treasury Department B) The Fed C) The Pentagon D) Various venture capitalists
An auction of 28-day loans was carried out by the Fed through
a. the Term Auction Facility. b. the discount window. c. open market operations. d. reserve requirements.
During the past 20 years, there has been substantial FDI in China. What are the expected shortrun effects of this FDI upon the rental rate on capital and wages in China?
a. The rental rate should increase and wages should decrease. b. The rental rate and wages should both increase. c. The rental rate and wages should both decrease. d. The rental rate should decrease and wages should increase.
The "paired observation" of (-10, -6) means
A. x = -10, y = -6. B. that the distance between the two points will be 16. C. the origin is at -10 and -6. D. x = -6, y = -10.