The number of firms in an oligopoly must be
A. Small enough so that one firm's decisions have a significant impact on the decisions of the other firms in the industry.
B. Large enough so that firms cannot coordinate.
C. Small enough so that revenues are large enough to support advertising expenditures.
D. Four.
Answer: A
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A growth process whereby relatively poorer nations increase their income by taking advantage of knowledge and technologies already invented in other, technologically more advanced countries is referred to as:
A) trade-based growth. B) transfer growth. C) innovative growth. D) catch-up growth.
Prices of previously issued bonds have risen. It is likely that
A. market interest rates have fallen. B. the stock price must change but could either rise or fall. C. market interest rates have risen. D. market interest rates have remained unchanged.
An increase in the federal budget deficit _____
Fill in the blank(s) with the appropriate word(s).
If a bank has ________ rate-sensitive assets than liabilities, then ________ in interest rates will increase bank profits
A) more; a decline B) more; an increase C) fewer; an increase D) fewer; a surge