The U.S. received only _____ of the total number of slaves crossing the Atlantic
a. 3 percent
b. 6 percent
c. 12 percent
d. 36 percent
e. 72 percent
b. 6 percent.
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Refer to Monopoly Supplier and Manufacturer. After the merger, the leather company will earn surplus of
The following questions refer to the accompanying diagram, which shows a monopoly leather supplier selling leather to a monopoly shoe manufacturer. The leather supplier initially produces QM and charges the shoe manufacturer PM. Then the leather supplier acquires the shoe manufacturer in a vertical merger.
a. Area A + B.
b. Area A + B + C + D + E.
c. Area F + G + H.
d. Area A + B + C + D + E + F + G + H.
Potential GDP in the United States
A) declines over time. B) changes over a given business cycle. C) does not change over time. D) grows as the economy grows.
The Green Revolution has not resulted in
a. reduced food prices b. increased yields c. more irrigation d. more agricultural research e. The Green Revolution has resulted in all of the above.
The economic inefficiency of a monopolist can be measured by the
a. number of consumers who are unable to purchase the product because of its high price. b. excess profit generated by monopoly firms. c. poor quality of service offered by monopoly firms. d. deadweight loss.