One In the News article titled "Unemployment Spreading Fast Across U.S. Industries" states that in the next few months the rate of unemployment may rise as high as
A. 6 percent.
B. 5 percent.
C. 8 percent.
D. 7 percent.
Answer: C
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If the monopolist’s supply curve is drawn, it is a positively sloped curve similar to that for the perfectly competitive market.
Answer the following statement true (T) or false (F)
An economic system in which money is not used is a:
A. Planned economy B. Market economy C. Mixed economy D. Barter economy
Which of the following situation would make transaction costs too high to negotiate and therefore the Coase Theorem would not apply?
A. Only a few people are bothered by the pollution in the area B. Many people are bothered by pollution in the area C. Many firms are in the area with different levels of pollution D. One firm is the cause of the pollution
The management of a rental building faces a rent control situation, where it cannot charge more than $400 a month in rent on the apartment. The management knows that the apartments are high in demand and renters would be willing to be $1000 per month for them. The management decides to offer the controlled rent, rents furniture to its tenants, but successfully bars delivery from competing
furniture stores. This is an example of a. Tying b. Bundling c. Exclusion d. Fraud