Recall the Application about the wireless phone service provided by thousands of entrepreneurial women in Pakistan to answer the following question(s).Recall the Application. What makes the wireless telephone market in the United States NOT perfectly competitive?
A. There are many buyers and many sellers in the United States.
B. It is very expensive to enter the market in the United States.
C. Wireless phone calls are a standardized product.
D. All of these are correct.
Answer: B
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Education of girls is a crucial development investment because
(a) it leads to improved child health. (b) it leads to reduced fertility. (c) women do most of the work in agriculture. (d) all of the above.
In the two-period model with asymmetric information, a bank
A) creates money. B) keeps money safely. C) multiplies reserves. D) borrows and lends.
Compared to the distribution of money income, the distribution of income that takes into consideration the effects of taxes and in-kind benefits
a. is less even b. is the same c. is more even d. is fairer e. is less fair
What is another name for the natural unemployment rate?
a. Non-deteriorating low-inflationary unemployment (NDLIU) b. Natural rate of no-inflation unemployment (NRNIU) c. Non-accelerating-inflation rate of unemployment (NAIRU) d. Non-inflationary rate of low unemployment (NIRLU) e. Natural unaffected rate of inflationary unemployment (NURIU)