The automobile industry is a good example of a monopolistically competitive industry.
Answer the following statement true (T) or false (F)
False
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When discussing the private capital account, asset flows include all but which one of the following?
A) capital expenditures by domestic firms B) foreign securities purchased by domestic citizens C) changes in the balances of a bank's cash deposit from foreign transactions D) an investment in a foreign subsidiary by a domestic firm
Which of the following is not related to adverse selection in insurance markets?
a. An insurance company has no way of distinguishing among applicants b. An insurance company must charge a higher price to applicants who are good health risks c. The price of insurance is attractive to poor health risks, but not to good ones d. The insured group becomes less healthy on average e. Because of the relative unhealthiness of the insured group, rates must rise
Distinguish between invention and innovation
An exodus of firms from an industry will shift the demand for labor curve for that industry to the right
a. True b. False Indicate whether the statement is true or false