The demand curve faced by a monopolistic ally competitive firm:
A. Is more elastic than the monopolist's demand curve
B. Is less elastic than the monopolist's demand curve
C. Will shift outward as new firms enter the industry
D. Is more elastic than the demand curve faced by the purely competitive firm
A. Is more elastic than the monopolist's demand curve
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Under the liquidity premium theory the shape of the yield curve depends on
A) the relative return of investments in common stocks versus investments in corporate bonds. B) the size of the federal government's budget deficit. C) government tax treatment of long-term versus short-term bonds. D) the expected pattern of future short-term rates and the size of the term premium at each maturity.
The public debt is the:
a. Difference between current government expenditures and revenues b. Total of all past deficits minus all past surpluses c. Ratio of all past deficits to all past surpluses d. Amount of U.S. paper currency in circulation
Because the benefits distributed under TANF and Medicaid are essentially controlled by the states, critics argue thatÂ
A. recipients can receive benefits for a longer time period than if the programs were controlled by the federal government. B. people receiving benefits have greater incentive to work more. C. poor people with equal needs receive unequal benefits. D. a negative income tax controlled by the federal government is less efficient.
Looking at the U.S. balance of payments for the last two decades, how have the current account and the capital and financial account changed?
What will be an ideal response?