A monopolist produces where P > MC = MR
a. True
b. False
Indicate whether the statement is true or false
True
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A factor of production with unique attributes is able to command a scarcity rent determined by market demand
Indicate whether the statement is true or false
Which list ranks assets from most to least liquid?
a. money, bonds, cars, houses b. money, cars, houses, bonds c. bonds, money, cars, houses d. bonds, cars, money, houses
Which of the following is an accurate statement concerning an expansionary monetary policy?
a. Spending and borrowing will decrease because interest rates have increased. b. Spending and borrowing will increase because interest rates have increased. c. Spending and borrowing will decrease because interest rates have decreased. d. Spending and borrowing will increase because interest rates have decreased.
The fraction of the working-age population that is in the labor force is called the:
A. employment rate. B. unemployment rate. C. labor force participation rate. D. nonresponse rate.