The U.S. baseball glove industry is an oligopoly. This means that glove suppliers face a ________________ than a monopoly glove supplier would:
a. smaller price effect
b. larger price effect
c. lower cost structure
d. higher cost structure
Ans: a. smaller price effect
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The key factors in raising standards of living in low-income countries have been increases in
A) capital accumulation and the money supply. B) income and government ownership of resources. C) foreign aid and population. D) technology and knowledge.
Diversification involves:
A. investing all your money in a variety of financial assets, with varying amounts of risk. B. investing all your money in one company. C. investing all your money in the same type of financial assets, with the same amount of risk. D. None of these statements is true.
When the APS is negative
A. the APC is less than one. B. the APC is equal to one. C. the APC is greater than one. D. the APC may be less than one, one or greater than one.
When a variable is top coded, its value is known only up to a certain threshold.
Answer the following statement true (T) or false (F)