Monopoly market structures may lead to lower prices than competitive markets in the presence of
a. price discrimination
b. laissez-faire
c. contestable markets
d. substantial economies of scale
e. countervailing power
D
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Subtraction of ________ from Gross National Product yields Gross Domestic Product
A) net factor income B) depreciation C) factor income to the rest of the world D) net government income E) none of the above
The given data suggest that the amount of money demanded for transactions:
Answer the question on the basis of the following table in which columns (1) and (2) indicate the transactions demand (D t ) for money and columns (1) and (3) show the asset demand (D a ) for money:
A. varies directly with the interest rate.
B. varies inversely with the interest rate.
C. varies inversely with nominal GDP.
D. is independent of the interest rate.