Which of the following is an argument in favor of the liberalization?
(a) Increased technical efficiency.
(b) Accelerated technical progress.
(c) Decreased shortages of foreign exchange.
(d) All of the above.
(e) both (a) and (b) are correct.
D
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Suppose there are only two goods: bread and wine. In Mexico, the absolute price of wine is 30 pesos per bottle. If the relative price of wine in terms of bread is 5 loaves per bottle, then the absolute price of bread is
a. 5 pesos per loaf. b. 6 pesos per loaf. c. 25 pesos per loaf. d. 150 pesos per loaf.
A monopolistically competitive market can also be:
A. perfectly competitive market. B. a monopoly. C. an oligopoly. D. All of the above.
DTC contracts which prohibit buyers from inspecting diamonds in advance help to minimize:
a. the problem of moral hazard. b. the cost of gathering duplicative information. c. the problem of adverse selection. d. the winner's curse.
Firms whose central business is providing individual account shares of a group of stocks, bonds, or both are known as:
A. insurance companies. B. thrifts. C. commercial banks. D. mutual funds companies.