A monopoly will usually produce
A) where its demand curve is inelastic.
B) where its demand curve is elastic.
C) where its demand curve is either elastic or inelastic.
D) only when its demand curve is perfectly inelastic.
B
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Which of the following would cause the unemployment rate as measured by the Bureau of Labor Statistics to overstate the true degree of joblessness in the economy?
A) discouraged workers B) unemployed persons who falsely report themselves as actively looking for a job C) retired people who have no intention of returning to work D) people with part-time jobs who would prefer to be working full time
In-kind transfer payments might not be used in the desired way due to _____
a. the fungibility of money b. poor incentives c. incomplete information d. the incentive to substitute into leisure