Which of the following situations is sufficient to represent current demand for a car?
A. You have plenty of money to buy it, but you can't decide if you want a motorcycle or a car.
B. You have enough money to buy it, and you are willing to spend the money on the car.
C. You've decided you want a car, and you can possibly borrow the money from a bank.
D. You want to buy a motorcycle and a car, and you'll have enough money for both in two years.
Answer: B. You have enough money to buyit, and you are willing to spend the money on the car.
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Which of the following decreases the official U-3 unemployment rate?
A) Workers leave the labor force. B) More women enter the labor force and seek jobs. C) Young people graduate from college and start to look for their first full-time job. D) None of the above because they all increase or do not change the unemployment rate.
In the above figure, if a single-price monopolist charges the profit-maximizing price, the triangle dce represents
A) consumer surplus. B) producer surplus. C) deadweight loss. D) marginal revenue.
Mutual funds in which a fixed number of nonredeemable shares are sold at an initial offering and are then traded in the over-the-counter market, like shares of common stock, are called
A) open-end funds. B) close-end funds. C) OTC funds. D) primary-issue funds.
A merger between two manufacturers of computers would result in which of the following?
a. A vertical merger. b. A conglomerate merger. c. A horizontal merger. d. A monopoly merger.