The monopolistic competitor is ___________ efficient than the perfect competitor.
Fill in the blank(s) with the appropriate word(s).
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Economics
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The marginal propensity to import (mpi), where M = imports, is defined as
A) M * Y. B) ?M/?Y. C) M - Y. D) ?M * ?Y.
Economics
A consequence of the CPI bias is that it
A) decreases government outlays. B) reduces outlet substitution bias. C) means that it is impossible to measure the inflation rate. D) increases international trade. E) distorts private contracts.
Economics
Which of the following is included in M2 but NOT in M1?
A) NOW accounts B) demand deposits C) currency D) money market mutual fund shares (retail)
Economics
Which of the following statements is TRUE about the planning horizon?
A. All inputs are fixed. B. All inputs are variable. C. Costs do not exist. D. There are fixed and variable inputs.
Economics