During the last several decades the labor force participation rate
a. of women has increased substantially.
b. of men has increased substantially.
c. of women has steadily declined.
d. of both men and women has steadily declined.
A
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A monopolistic competitor: a. faces a perfectly elastic demand curve. b. faces an elastic demand curve
c. faces a unit elastic demand curve. d. faces an inelastic demand curve.
If a good or service has only one seller, then the seller is called a monopoly
a. True b. False Indicate whether the statement is true or false
The market tends to overproduce goods that have external costs because
A. Producers experience higher costs than society. B. Producers do not take into account those external costs that they don't have to pay. C. The government is not able to produce these goods. D. Producers cannot keep the goods from consumers who don't pay, so they produce a greater amount.
Refer to Table 9-5. The required reserve ratio is 10%. What is the amount of Bolton Bank's excess reserves?
A) $30 million B) $70 million C) $100 million D) zero