In contestable markets, large oligopolistic firms end up behaving like
A. monopolistically competitive firms.
B. a cartel.
C. a monopoly.
D. perfectly competitive firms.
Answer: D
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The key link between the twin deficits involves: a. higher interest rates and a stronger dollar
b. lower interest rates and a stronger dollar. c. higher interest rates and a weaker dollar. d. lower interest rates and larger trade deficits e. higher interest rates leading to more exports.
How do income redistribution programs affect equality and efficiency?
Exploiting a nonrenewable natural resource is likely to:
A. create more productive workers in all facets of the economy. B. lead to a sustainable high rate of growth in income for a country. C. lead to a higher level of income for a country. D. All of these are true.
If there is an inflationary spiral, GDP will fall as inventories rise.
Answer the following statement true (T) or false (F)