The U.S. Postal Service has found its monopoly eroded over time because
a. the demand for mail delivery has become more inelastic
b. Congress has taken away their monopoly over first-class mail
c. the U.S. Postal Service cannot handle the volume of transactions
d. the price of stamps has increased relative to other substitutes, such as the telephone, email, and online transactions
e. of the decline in the use of fax machines
D
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Suppose the government increases unemployment benefits, which are paid for with higher taxes on earnings. If the marginal propensity to consume is the same for both the beneficiaries of the unemployment benefits and the workers paying taxes, _____. a. GDP will first increase and then fall. b. There will be no change in real GDP. c. Real GDP will increase substantially. d. Real GDP will fall
substantially. e. GDP will first fall and then increase.
The price of pork may increase as a result of:
A. A decrease in the cost of feed for pigs B. Decreased advertising of pork C. An increase in the cost of producing beef D. A subsidy to pork producers