One source of inefficiency associated with monopolies stems from their insulation from competition and thus reduced incentive to cut costs and innovate.
Answer the following statement true (T) or false (F)
True
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All of the following are government purchases except
A) the salary paid to Senator John Cornyn of Texas. B) the presidential pension paid to former President George H.W. Bush. C) the purchase of a new office building for the CIA. D) the purchase of new radar tracking equipment for the Navy.
The current account in a nation's balance of payments accounts includes
a. exports of U.S. computers b. imports of German automobiles. c. purchases of foreign stocks. d. Both a and b e. All of the above
What is new about environmental problems today is
A. that for the first time in history, we have environmental problems. B. the increased rate at which air and water pollution is occurring in the United States. C. the amount of attention the community now gives them. D. that environmental problems with pollution and garbage disposal have almost completely disappeared.
Which of the following will cause an increase in aggregate demand within the AS/AD model?
a. a decrease in prices b. a decrease in the real interest rate c. a decrease in consumer optimism as measured by the consumer sentiment index d. a decrease in foreign incomes abroad