Select all the apply. In terms of being efficient, a monopoly is:

Obstacles that make it difficult or impossible for would-be producers to enter a market are known as:

Obstacles that make it difficult or impossible for would-be producers to enter a market are known as:

Increase in the number of tattoo parlors increases or decreases the supply of tattoos?

Increase in the number of tattoo parlors increases or decreases the supply of tattoos?

True or False.  The U.S. bills used today are fiat money.

True or False.  Economists support the proposal for a balance budget.

Refer to the table below.  Since 1950, in what year was the biggest GDP decline?  Enter your answer as an numeric date e.g. 1929. Dates Duration (Months) Percentage Decline in Output 1929 43 -26.70% 1937 13 -18.2 1945 8 -12.7 1948 11 -1.7 1953 10 -2.6 1957 8 -3.7 1960 10 -1.6 1969 11 -0.6 1973 16 -3.2 1980 6 -2.2 1981 16 -2.7 1990 8 -1.4 2001 8 -0.3 2007 18 -5.1  

Mark all that apply.  If the fed raises the discount rate

Mark all that apply.  If the fed raises the discount rate