From 1929 to 1935, countries that:
A) abandoned the gold standard had higher rates of growth of GDP than countries that continued on the gold standard.
B) continued on the gold standard had higher rates of growth of GDP than countries that abandoned the gold standard.
C) maintained capital controls had lower rates of growth of GDP than countries that continued on the gold standard.
D) removed capital controls had lower rates of growth of GDP than countries that abandoned the gold standard.
Answer: A) abandoned the gold standard had higher rates of growth of GDP than countries that continued on the gold standard.
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The figure above shows a natural monopoly that the government must regulate. Which of the following pairs most likely results in similar outcomes?
A) marginal cost pricing and rate of return regulation B) marginal cost pricing and a two-part tariff C) average cost pricing and rate of return regulation D) predatory pricing and price caps E) marginal cost pricing and price cap regulation
Suppose a price searcher faces the following demand curve: At $100, $90, $80, $70, and $60, the quantity demanded is 1, 2, 3, 4, and 5 units respectively. Which statement below is true?
A) Total revenue is $100. B) Total revenue is $190 when 2 units are sold. C) Total revenue is $400 when 5 units are sold. D) Marginal revenue is $80 when the price is $90.