A monopoly:

a. always makes a profit.
b. can force consumers to purchase what it is selling.
c. is characterized by a single seller who produces a well-defined product for which there are no good substitutes.
d. always has naturally created barriers. e. always has government-created barriers.

What is the sequence of events that could lead to trade surplus

Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.

Ski powder resort ends its fiscal year on april 30. the business adjusts its accounts monthly, but closes them only at year-end (april 30). the resort's busy season is from december 1 through march 31. adrian pride, the resort's chief financial officer, the museums a close watch on lift ticket revenue and cash. the balances of these accounts at the end of each of the last five months are as follows: