Which U.S. industry appears to be the most oligopolist?
a. search engines
b. tire manufacturing
c. wireless telecommunications carriers
d. major household appliance manufacturing
a. search engines
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Starting from potential output, if consumer confidence decreases and consumers decide to spend less, then this will generate a(n) ________ gap and inflation will ________.
A. recessionary; increase B. expansionary; increase C. expansionary; decrease D. recessionary; decrease
Which of the following is correct?
a. Studies of the effects of the minimum wage typically find that a 10 percent increase in the minimum wage raises the average wage of teenagers by 10 percent. b. The drop in teenage employment caused by a 10 percent increase in the minimum wage is not significant. c. The minimum wage is more often binding for teenagers than for other members of the labor force. d. All firms consistently enforce minimum-wage laws.
You turn to the Treasury bond market page of a newspaper and look under the column headed "Ask" and see that it says, "128:16" this indicates that
A) the price that the buyer is willing to pay for this bond is $128.16. B) the price that the buyer is willing to pay for this bond is $1,280.16. C) the price that the seller is willing to sell this bond for is $1,285. D) the price that the seller is willing to sell this bond for is $128.16.
This graph shows the marginal cost and marginal benefit associated with roadside litter clean up. Assume that the marginal benefit curve and marginal cost curve each have their usual slope.
The socially optimal number of bags of litter removed from the roadside each day is:
A. 15. B. 10. C. 20. D. 30.