Which of the following is a valid effect of monopoly power?
A. Desirable effects on the distribution of wealth
B. Efficient resource allocation
C. Fostering of innovation
D. Obstacle to efficiency
Answer: D
Economics
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In the market for reserves, when the federal funds rate is above the interest rate paid on excess reserves, the demand curve for reserves is
A) vertical. B) horizontal. C) positively sloped. D) negatively sloped.
Economics
Suppose the population (age 16 and over) of Cameroon is 250 million; 10 million are unemployed, and 125 million hold jobs. The employment/population ratio in Cameroon is
a. 8 percent. b. 50 percent. c. 54 percent. d. 92 percent.
Economics