For a perfectly competitive firm, price always equals marginal revenue.
Answer the following statement true (T) or false (F)
True
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Keynesians argue that an exogenous decrease in investment is likely to lead to
A) an increase in interest rates. B) an increase in saving. C) a decrease in the money supply. D) a decrease in output.
Which of the following characteristics distinguishes oligopoly from other market structures?
a. Firms operating in an oligopoly are independent of each other. b. Firms operating in an oligopoly are interdependent. c. Oligopoly is the simplest of all the other market structures. d. An oligopolist does not face a downward-sloping demand curve. e. Entry into an oligopolistic market is easier than entry into a monopolistically competitive market.
Assume that the interest parity condition holds. Also assume that the U.S. interest rate is 6% while the U.K. interest rate is 8%. Given this information, financial markets expect the pound to
A) depreciate by 14%. B) depreciate by 2%. C) appreciate by 2%. D) appreciate by 6%. E) appreciate by 14%.
Identify the two major types of non production transactions that are not included in GDP
What will be an ideal response?