"Monopolistic competition is literally a kind of competition. Hence, there is no deadweight loss in a monopolistically competitive market."
A. The statement is incorrect.
B. The statement is by definition correct but empirically incorrect.
C. The statement is correct.
D. None of the answers is correct.
Answer: A
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What is the implication of the demographic transition for the labor force? Dependency ratio?
What will be an ideal response?
When the housing bubble collapsed, the entire borrowing and lending engine of the economy ground to a halt because:
A. no one could tell which banks were safe, and which were not. B. banks wanted to lend to no one, in case they turned out to be a bad risk. C. the herd instinct became to not borrow or lend. D. All of these statements are true.
Over the next 15 years, what percentage of the world population increase will come from DVCs?
A. 25% B. 50% C. 70% D. 90%
Capital flight refers to the fact that both human and financial capital
A. leave developed countries in search of a higher rate of return. B. leave developing countries in search of a higher rate of return. C. flow into developing countries to invest in risk free investments. D. flow into developing countries to build much needed infrastructure.