Under which of the following is consumer surplus zero?
A) all types of monopoly
B) only single-price monopoly
C) only perfectly price-discriminating monopoly
D) only price discrimination on the basis of the number of units purchased
E) perfect competition
C
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In the simple deposit expansion model, if the Fed purchases $100 worth of bonds from a bank that previously had no excess reserves, deposits in the banking system can potentially increase by
A) $10. B) $100. C) $100 times the reciprocal of the required reserve ratio. D) $100 times the required reserve ratio.
Business cycles are a persistent feature of the U.S. economy
a. True b. False Indicate whether the statement is true or false
Foreign exchange contracts, such as futures, swaps, and options, are collectively known as:
a. derivatives. b. deposits. c. spot contracts. d. spreads.
Economies of scale are also referred to as increasing returns to scale.
Answer the following statement true (T) or false (F)