Under bilateral? monopoly, the wage rate is
A. indeterminate.
B. higher than the competitive wage rate.
C. equal to the competitive wage rate.
D. lower than the competitive wage rate.
Answer: A. indeterminate.
Economics
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If expectations about inflation are adaptive, they are ________
A) formed by looking at the future B) likely to change rapidly C) based on past inflation D) all of the above E) none of the above
Economics
If Frank has been consuming 10 tacos per week at a consumer optimum, and the price of tacos falls, how will Frank respond?
A) He will save more income. B) He will buy more of everything. C) He will buy more tacos. D) He will buy more of everything except tacos.
Economics