An increase in real interest rates will ________ current consumption for households who are lenders and will ________ current consumption for households who are borrowers
A) increase; decrease
B) decrease; increase
C) have an unclear effect on; decrease
D) decrease; have an unclear effect on
C
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What is product differentiation? What market structure is characterized by product differentiation?
What will be an ideal response?
We say that a countrycompletely specializes in production when it spends all of its resources producing:
A. a particular good. B. those goods it has an absolute advantage in producing. C. only what other countries need. D. what it can make more of than anyone else.
Answer the following statement(s) true (T) or false (F)
1. In a pay-as-you-throw (PAYT) program, the price per unit of MSW services can be based on either the weight or the volume of waste generated. 2. A back-end charge is implemented as a price per household. 3. The city whose unit pricing program is considered to be the prototype is Philadelphia. 4. If there is a negative externality associated with consumption of a product, the MSBof that product is below the MPB.
Which market structure(s) include(s) many firms with differentiated products who can enter and exit the market freely?