Consumers pay the part of a tax associated with a higher price for the product.
Answer the following statement true (T) or false (F)
True
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If the government grants a firm a public franchise to supply coal, a monopoly is created by
A) a natural barrier to entry. B) a legal barrier to entry. C) price discrimination. D) All of the above answers are correct.
Microeconomics studies
A) decisions made by individual consumers and firms. B) the changes in economic theory brought about by real-world events. C) how small changes in the unemployment rate can have far-reaching effects. D) how small changes in the money supply can have far-reaching effects.
Whenever the expected inflation rate is positive
A) the real interest rate is greater than the nominal interest rate. B) the real interest rate is negative. C) the real interest rate is positive. D) the nominal interest rate must be equal to the real interest rate. E) none of the above
About half of interbank trading is done through brokers, and most brokered interbank trading occurs through electronic brokering systems.
Answer the following statement true (T) or false (F)