Which of the following goods would be most likely to be produced by a monopoly?
a. Lotso-Sugar brand cereal
b. Pepsi
c. margarine
d. electricity
e. Ford automobiles
D
Economics
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Which of the following situations will arise in the domestic market following the imposition of an import ban?
A) imports decrease, domestic production increases, prices increase B) imports increase, domestic production increases, prices increase C) imports increase, domestic production decreases, prices decrease D) imports decrease, domestic production increases, prices decrease
Economics
Refer to the accompanying table. Martha's opportunity cost of making a cake is: Time to Make a PieTime to Make a CakeMartha60 minutes80 minutesJulia50 minutes60 minutes
A. 4/3 of a pie. B. 60 pies. C. 3/4 of a pie. D. 6 pies.
Economics