The table above shows sales of the firms in the chocolate industry. What type of market is this?
A) perfect competition
B) monopolistic competition
C) oligopoly
D) monopoly
C
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In the above figure, if the market produces the efficient amount of purses then producer surplus equals
A) triangle bcd. B) triangle adc. C) rectangle bcde. D) trapezoid adec.
Some economists argue that the Fed set its federal funds rate target "too _________" in the early 2000s, which was one of the contributing factors which led to ____________ mortgage interest rates and a(n) ___________ housing prices
A) low; low; increase B) low; low; decline C) high; high; decline D) high; high; increase
Explain the determinants of aggregate private spending
What will be an ideal response?
If, at the current exchange rate between the dollar and the South African rand of 6.92 rand per dollar, the dollar is "undervalued," how do you expect demand and supply in the foreign exchange markets to respond?
A) The supply of the dollar will fall, while the demand for the rand will rise. B) The demand for the dollar will rise, while the supply of the rand will fall. C) The demand for the dollar will fall, while the supply of the rand will rise. D) The demand for the dollar will rise, while the supply of the rand will rise.