It is true in monopoly pricing that the
A. sky is not the limit.
B. market cannot impose a price on a monopolist.
C. monopolist is a price maker.
D. All of these responses are correct.
Answer: D
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Which of the following is classified as an intermediate good?
i. the purchase of a Big Mac by a college student ii. McDonald's purchase of pickles iii. a McDonald's restaurant owner's interest payment for the loan on her building A) ii only B) ii and iii C) i only D) i and iii E) i, ii and iii
Most doctors are employed by the government and most hospitals are owned by the government in
A) Canada. B) Japan. C) the United Kingdom. D) the United States.
What is the impact on the foreign exchange rate?
a. The euro exchange rate declines from $1.00 per euro to $0.50 per euro.
b. The dollar price of euros decreases from $1.50 to $1.00.
c. The euro appreciates in value from $1.00 per euro to $1.50 per euro.
d. The dollar price of euros increases from $1.00 to $1.50.
Discouraged workers are included in the
A. labor force category. B. unemployed category. C. not in the labor force category. D. employed category.