In the figure above, the deadweight loss created if the industry changes from perfectly competitive to a single-price, unregulated monopoly is
A) zero.
B) $8.00 per day.
C) $24.00 per day.
D) $36.00 per day.
B
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Investment spending is countercyclical
Indicate whether the statement is true or false
In their relationship with stockholders, a firm's managers act
A) as agents. B) as principals. C) in loco parentis. D) as proprietors.
All else equal and given the current system of exchange rates, if the United States enters a period of exceptionally strong growth,
A) the pressure on the dollar is to revalue. B) the pressure on the dollar is to devalue. C) the pressure on the dollar is to depreciate. D) the pressure on the dollar is to appreciate. E) Both A and D.
A Stronger U.S. dollar in world exchange markets means that
A. a dollar buys fewer units of foreign currency than it could before. B. foreigners buy the same amount of U.S. dollars as they have. C. a dollar buys the same amount of foreign currency than it could before, with gold backing up the value of the dollar. D. a dollar buys more units of foreign currency than it could before.