A regulated firm is _________, but has no __________
a. a monopolist; control over prices
b. privately owned; control over prices
c. privately owned; board of directors
d. a monopolist; board of directors
e. fully autonomous; board of directors
B
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An increase in aggregate demand is shown by
A) a movement up along the aggregate demand curve. B) a leftward shift in the aggregate demand curve. C) the movement down along the aggregate demand curve. D) a rightward shift in the aggregate demand curve.
From the 1990s to the present, the U.S. current account balance has had a ________, and the U.S. capital and financial account balance has had ________
A) deficit; a deficit B) deficit; a surplus C) surplus; a deficit D) deficit; neither a deficit nor a surplus E) surplus; a surplus
Refer to the figure above. This is an example of a(n) ________
A) zero-sum game B) prisoners' dilemma C) extensive-form game D) payoff matrix
Imagine that you own a firm that operates in a perfectly competitive industry. What will happen to the market price in your industry if you decide to triple your output?