Which of the following firms is considered a monopoly?
A. The U.S. Postal Service
B. Taco Bell
C. United Airlines
D. Macy's Department Store
Answer: A
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Refer to Figure 3.1. A Nash Equilibrium occurs where
A) Homer confesses to committing the crime and Marge denies committing the crime. B) Marge confesses to committing the crime and Homer denies committing the crime. C) Homer and Marge both confess to committing the crime. D) Homer and Marge both deny committing the crime.
Which of the following is a service of depository institutions?
A) decreasing the liquidity drain of funds in the banking system B) monitoring the Federal Reserve C) pooling risk D) loaning funds to other depository institutions at the discount rate
The cross price elasticity of demand for a good x is the percentage change in the quantity demanded of good x in response to a given percentage change in
A) income. B) the price of good x. C) the price of good y. D) the quantity demanded of good y.
What was the official poverty level for a person living alone in 2012?
a. 10,900 b. 11,170 c. 18,850 d. 23,050