Monopolists can achieve any level of profit they desire because they have unlimited market power
a. True
b. False
Indicate whether the statement is true or false
False
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The Fed can use contractionary monetary policy in an attempt to keep inflation from increasing
Indicate whether the statement is true or false
Which of the following would be a deadweight loss from a tariff?
A) The shift of consumer surplus to government B) The increase in producer surplus C) The decrease in consumer surplus D) The decrease in consumer surplus due to a drop in consumption E) All of the above.
When a currency is devalued, exporters benefit
Indicate whether the statement is true or false
Hans decides to start brushing his teeth less often after signing up for dental insurance. This is an example of:
A. adverse selection. B. moral hazard. C. neither adverse selection nor moral hazard. D. both adverse selection and moral hazard.