An economist is unlikely to be hired to do research about the following?
A. Oil prices.
B. Election outcomes
C. Interest rate
D. Inflation rates
E. Unemployment
Answer: B
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If a monopoly firm sells to competitive distributors, all of the following are true regarding the demand for the monopoly's product except which one?
A) It depends on the consumers' market demand. B) It is the consumers' market demand. C) It is the distributors' demand. D) It is a derived demand.
One problem that might occur as a result of economic regulation is
A) the firm may be earning more than a normal rate of return on investment. B) the quality of service might be lowered. C) that social regulation may follow. D) the demand for the good may be greater than the supply.
A legal organization of a firm where the business is owned by one individual who makes the business decisions, receives all the profits, and is legally responsible for the debts of the firm is a(n)
A) corporation. B) entrepreneur. C) proprietorship. D) partnership.
In a simplified banking system, the money multiplier falls as the required reserve ratio decreases
a. True b. False Indicate whether the statement is true or false