Large minimum efficient scale of plant combined with limited market demand may lead to:
A. natural monopoly.
B. patent monopoly.
C. government franchise monopoly.
D. shared monopoly.
Answer: A
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For a public good, the marginal social benefit curve is the ________ summation of all the individual marginal benefit curves
For a private good, the marginal social benefit curve is the ________ summation of all the individual marginal benefit curves. A) horizontal; vertical B) vertical; horizontal C) vertical; vertical D) horizontal; horizontal
The largest source of federal government revenue is
a. corporate income taxes b. individual income taxes c. payroll taxes d. sales and excise taxes e. tariffs on imported goods and other customs fees and duties
Savings and loan associations are not a financial intermediary
a. True b. False
Assume the MPC is 0.75, taxes increase by $100 billion, and government spending increases by $100 billion. Aggregate demand will
A. Increase by $100 billion. B. Decrease by $400 billion. C. Increase by $400 billion. D. Not change.