Policies to deregulate the labor market in Britain are examples of ________ policy.
A. environmental
B. anti-trust
C. monetary
D. structural
Answer: D
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A monopolistically competitive firm will
A) always produce at the minimum efficient scale of production. B) have some control over its price because its product is differentiated. C) produce an output level that is productively and allocatively efficient. D) charge the same price as its competitors do.
When a positive externality is present in a market, total surplus is:
A. higher when buyers only consider private benefits. B. lower when buyers receive a Pigouvian subsidy for the externality. C. higher when buyers receive a Pigouvian subsidy for the externality. D. Any of these statements could be true.
One principal advantage of the corporations is that owners:
A. are sole proprietors. B. are not taxed for income received. C. have limited liability. D. always control the company.
Briefly describe monetarism and the monetary growth rule
What will be an ideal response?