Excess capacity and inefficiency result under monopolistic competition
a. True
b. False
Indicate whether the statement is true or false
True
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In an economy with no income taxes or imports, if the multiplier is 5, what does the MPC equal?
A) 0.9 B) 0.2 C) 0.4 D) 0.8 E) 0.5
A . Can you explain why some employees who work for monopsonists might feel that they are underpaid? b. Why can't the firm raise their wage rates to keep them from feeling this way?
One cause of the 2008 financial crisis was that many mortgage brokers were ______.
a. warning borrowers not to borrow too much b. discouraging borrowers from using new hybrid loans c. encouraging borrowers to borrow more than they could afford d. promoting fixed-rate mortgages instead of adjustable-rate mortgages
Figure 3.6 illustrates a set of supply and demand curves for hamburgers. An increase in demand and an increase in quantity supplied are represented by a movement from:
A. point b to point a. B. point c to point d. C. point d to point a. D. point b to point d.