Under monopolistic competition, there are:
A. significant barriers to entry.
B. few barriers to entry.
C. only a few buyers in the market.
D. only a small number of sellers in the market.
Answer: B
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If the current exchange rate is 1.00 euro per dollar and the expected exchange rate at the end of the month rises to 1.20 euros per dollar, then the demand for dollars ________ because people expect holding of dollars to become ________ profitable
A) decreases; more B) increases; less C) increases; more D) does not change; neither more nor less E) decreases; less
Only government restrictions serve as entry barriers
a. True b. False Indicate whether the statement is true or false
The type of unemployment resulting from the fact that labor market information is less than perfect is called
a. frictional unemployment. b. natural unemployment. c. cyclical unemployment. d. structural unemployment.
Which of the following generates demand for foreign currencies?
A. The building of plants by foreign corporations in the United States. B. Exports from the United States to foreign countries. C. Foreign tourists traveling to the United States. D. Imports of foreign goods by firms located in the United States.