Which statement is true?
A. Most monopolistic competitors are large firms.
B. Monopolistic competitors produce goods or services for which there are no close substitutes.
C. Monopolistic competitors usually operate at the minimum point of their average total cost curves.
D. None of these statements are true.
D. None of these statements are true.
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According to the infant industry argument for trade protectionism
A) new industries are capable of competing with established rivals. B) trade barriers must be used to protect domestic workers. C) new industries need to be shielded from competition in the early stages of learning by doing. D) tariffs imposed to aid new industries should never be removed.
In an economy open to international trade where the interest rate at which saving and investment would be equal is ________ the world real interest rate ________
A) above; a trade surplus ensues B) below; a trade deficit ensues C) above; there is a net capital outflow D) below; there is a net capital inflow E) none of the above
Which of the following statements is (are) correct? The equilibrium interest rate is the rate that
a. equates the supply of loanable funds with the demand for loanable funds b. equates new saving with investment plus the bond-financed government surplus c. equates private savings with investment d. All of the above e. None of the above
As the time of settlement gets closer:
A. the price of the futures contract will always be above the price of the underlying asset. B. the price of the futures contract will move in lockstep with the price of the underlying asset. C. the price of the underlying asset and the future's price will show no correlation at all. D. the price of the futures contract will diverge from the price of the underlying asset.