The monopolist's demand curve is:
A. identical to the market demand curve.
B. identical to the marginal revenue curve.
C. below the marginal revenue curve.
D. a horizontal line at the market price.
Answer: A
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Food stamps provided by the U.S. Department of Agriculture are an example of
A) a positive externality. B) a private subsidy. C) vouchers. D) an external benefit.
Who among the following individuals is not an underemployed or a discouraged worker?
a. A person employed part-time but willing to work full-time b. A homeless person who has not found work for a year and has given up looking for jobs c. A nuclear physicist unable to work because of illness d. A gourmet French chef working part-time at Burger King e. A 60-year-old professor who has stopped looking for a teaching job because schools consider him too old
When the financial crisis occurred, policy makers were more concerned about the deficit than they were about addressing the financial crisis.
Answer the following statement true (T) or false (F)
Deposits in savings accounts are included in:
A. M1. B. M2. C. both M1 and M2. D. neither M1 nor M2.