Baking soda, a common household item, is produced from a mineral deposit called soda ash. There is only one soda ash deposit in the United States, and it is owned by the Leg and Plier Baking Soda Company. It is reasonable to describe this firm as a(n)
a. unbalanced oligopoly
b. balanced oligopoly
c. acquisitive oligopoly
d. natural monopoly
e. unnatural monopoly
D
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If the BLS counted persons that are on active military service in the totals for employment, the labor force, or the working-age population, this would
A) decrease the number of persons in the working-age population. B) decrease the measured unemployment rate. C) decrease the number of persons in the labor force. D) decrease the measured labor force participation rate.
If the U.S. interest rate, adjusted for people's expectation of inflation, increases sharply relative to the rest of the world, then
A) there will be a decrease in the demand for dollars in foreign exchange markets. B) there will be no change in the demand for dollars in foreign exchange markets but there will be an increase in demand for foreign currency. C) the dollar will appreciate. D) the dollar will depreciate.