Activists
A) probably favor economic fine-tuning.
B) favor rules-based monetary policy.
C) argue for the deliberate use of monetary and fiscal policies to smooth out the business cycle.
D) argue against the deliberate use of monetary and fiscal policies to manage the economy.
E) a and c
E
Economics
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Explain the "tragedy of commons."
What will be an ideal response?
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Suppose a monopoly's inverse demand curve is P = 100 -Q, it produces a product with a constant marginal cost of 20, and it has no fixed costs
Compared to the consumer surplus if the market were perfectly competitive, consumer surplus is how much less when the monopolist practices perfect price discrimination? A) 3200 B) 1600 C) 800 D) 0
Economics