A monopolist changes price from $1 to $2 and sells 10 fewer units. The marginal revenue is
A) $10
B) -$10
C) $0
D) impossible to determine with the information provided.
D
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With velocity constant, an increase in the money supply multiplied by velocity yields the increase in equilibrium
A) interest rates. B) money demand. C) price level. D) income.
Which of the following is a series of rules that stops trading on an exchange for a relatively short period of time?
a. program trading b. market limits c. stop orders d. circuit breakers
Refer to the information provided in Figure 20.4 below to answer the question(s) that follow.
Figure 20.4Refer to Figure 20.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. With the tariff domestic production is
A. 100. B. 150. C. 200. D. 300.
Which of the following statements correctly characterizes the colonial commodity trade deficit?
a. The Middle colonies had the largest commodity trade deficit. b. The Southern colonies exported more to Great Britain & Ireland than they imported. c. The colonies experienced commodity trade deficits not only in their trade with England, but also in trade with Southern Europe and Africa. d. The colonies had a commodity trade deficit with Great Britain, but a commodity trade surplus once all trades were taken into account.