Major macroeconomic questions include all of the following EXCEPT:
A. Can inflation be reduced without generating additional unemployment?
B. Are free trade agreements beneficial?
C. How do monopoly firms set prices and determine quantities to produce?
D. What causes slowdowns in productivity growth?
Answer: C
Economics
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In the short run, a monopolistic competitor can
a. not earn an economic profit because of competition b. use limit pricing to reduce competition c. maximize profits by charging the highest price the market will bear d. earn an economic profit e. maximize profit by selecting the minimum efficient scale
Economics
Most payments in the United States for goods and services are made using
A) currency. B) checking account deposits. C) traveler's checks. D) gold.
Economics