Looking at inflation rates in the United States since the 1970s we see that
A) inflation fell the most during the 1970s productivity slowdown.
B) the highest inflation rates were the double digits during the 1990s.
C) the inflation rate increased with the increased growth of the 1990s.
D) the 1970s experienced the highest inflation rates.
D
Economics
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A natural monopoly exists when
a. economies of scale are negligible b. there are a few dominant firms that corner the market c. one firm can produce the market output at lower average cost than two or more firms can d. barriers to entry are low e. only a few firms can minimize cost and maximize profit
Economics
Suppose you borrow $500 from your bank to pay for a guitar. This is an example of
A) direct financing. C) moral hazard. B) indirect financing. D) transaction costs.
Economics