A monopoly restricts output and charges a higher price than other types of firms.
Answer the following statement true (T) or false (F)
True
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Which of the following statements regarding the use of gold as money is false?
A) It is durable. B) It is acceptable to most people. C) It is valuable relative to its weight. D) It has standardized quality.
If the marginal propensity to save (MPS) is 0.50, the value of the spending multiplier is:
a. 1. b. 2. c. 4. d. 9.
In order to achieve a high economic freedom rating, a country must
What will be an ideal response?
A number of studies of the effect of immigration on U.S. wages has found:
a. no effect on wages of any educational group. b. significant rises in wages for those without a high school diploma and for college graduates but a negative impact for high school graduates and those with some college education. c. significant declines in wages for those without a high school diploma and for college graduates. d. no effect on other groups but significant declines in wages for high school graduates and those with some college