A monopolist always ________ if its ATC schedule is everywhere above its demand schedule.
A. shuts down
B. breaks even
C. earns a positive profit
D. suffers a loss
Answer: D
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As disposable income increases, consumption
A. decreases. B. may either increase or decrease depending on the MPC. C. increases. D. may either increase or decrease depending on the wealth effect.
Explain how not knowing whether someone will vote naively or strategically could make vote manipulation through agenda setting more difficult
What will be an ideal response?
When the Federal Reserve Banks decide to buy government bonds from banks and the public, the supply of reserves in the Federal funds market:
A. Increases and the Federal funds rate decreases B. Increases and the Federal funds rate increases C. Decreases and the Federal funds rate decreases D. Decreases and the Federal funds rate increases
Economic integration
A. occurs when countries are granted most-favored-nation status. B. occurs when one country voluntarily agrees to reduce its exports to another country. C. occurs when two or more nations join to form a free-trade zone. D. occurs when countries develop an acquired comparative advantage that makes their industries more competitive in international markets.