The slope of a perfectly elastic demand curve is equal to zero
a. True
b. False
Indicate whether the statement is true or false
True
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Why are water companies considered a natural monopoly?
What will be an ideal response?
The money multiplier yielded by the deposit-creation formula assumes that
A. banks hold no excess reserves. B. banks hold excess reserves. C. recipients of loans take some of the proceeds in cash. D. recipients of loans do not redeposit their funds in other banks.
Which of the following decreases if the U.S. removes an import quota on computer components?
a. U.S. imports and U.S. exports. b. U.S. imports but not U.S. exports. c. U.S. exports but not U.S. imports. d. Neither U.S. exports nor U.S. imports.
The questions below are based on the table below. Fill in the blank spaces first. 
If the product and labor markets are both imperfect, what will be the wage rate paid to the laborer?
What will be an ideal response?