A ________ yield curve predicts a future increase in inflation
A) steeply upward sloping
B) slight upward sloping
C) flat
D) downward sloping
A
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A trend that has been reinforced by many developing countries is privatization. Privatization refers to
A) purchasing large companies and turning them into state-owned enterprises. B) investing government money in large, privately-owned companies. C) exchanging bonds for shares in state-owned enterprises. D) selling large state-owned enterprises to private owners in the financial sector. E) selling large state-owned enterprises to private owners in key areas such as electricity, telecommunications, or petroleum.
All firms can increase profits using price discrimination
A) True, because market demand curves are downward sloping B) True, because firms can sell different versions of a product that is just right for an individual consumer C) False, because consumers aren't forced to buy a firm's products D) False, because some firms are in competitive markets
In the short run, a monopoly should shut down whenever
a. marginal revenue exceeds marginal cost b. price is less than average total cost c. total revenue is less than total cost d. price exceeds the ratio of marginal cost to average cost at the optimal output e. price is less than average variable cost everywhere
The individual mandate provision of the ACA requires
A) every U.S. resident to have health insurance. B) every U.S. company to provide health insurance to its employees. C) every employed person to pay for his or her own health insurance. D) every private insurance company to provide free health care to its current policy holders.