For a monopoly, marginal revenue is less than price because
A) the demand for the firm's output is downward sloping.
B) the firm has no supply curve.
C) the firm can sell all of its output at any price.
D) the demand for the firm's output is perfectly elastic.
A
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Assume the Fed wants to lower the interest rate. How does the Fed lower the interest rate in the short run?
What will be an ideal response?
The "bubble concept," which is sometimes used by EPA in its pollution control programs, is designed to
A) capture pollutants and dispose of them safely. B) confine pollution within a narrow area. C) make the people who pollute the most the ones financially responsible for pollution control. D) reduce the cost of achieving pollution-reduction targets. E) restore control over the environment to state and local governments.
Which of the following is not a category of consumption spending in the national income accounts?
A) Consumer durables B) Nondurable goods C) Services D) Housing purchases
Financial assets that represent the partial ownership of a firm and ability to share in its profits are called:
A. debt certificates. B. equities. C. intermediaries. D. credit risks.