Use the following graph to answer the next question. If the industry were served by a pure monopoly, the profit-maximizing price and quantity of output would be ________.

The number by which a change in the monetary base is multiplied to find the resulting change in the quantity of money is called the

A) desired reserve ratio. B) money multiplier. C) currency multiplier. D) currency drain. E) open market operation.

In the past there have been violent protests against the World Bank and the World Trade Organization. The protesters argued that these institutions promote free trade and also encourage corporations in rich countries to invest in poor countries. The protesters contended that these practices make rich countries richer and poor countries poorer. An economist would

a. disagree with the protesters because these practices will help make both rich and poor countries richer. b. disagree with the protesters about free trade, but would agree with the protesters about corporate investment. c. disagree with the protesters about corporate investment, but would agree with the protesters about free trade. d. agree with the protesters.