In Figure 5.4, a monopolist would charge which price?
A. P1
B. P2
C. P3
D. P4
Answer: D
Economics
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If a commercial bank borrows from the Federal Reserve, the price it pays is
A) zero, there is no payment. B) the prime rate. C) the federal funds rate. D) the discount rate.
Economics
The demographers predict that the worldwide total fertility rate will decline to one birth per woman per lifetime. If this happens, then:
A. Each generation will be one-fourth as large as the previous one B. Each generation will be half as large as the previous one C. Each generation will be as large as the previous one D. Each generation will be one half larger than the previous
Economics