In general, a dry cleaner in a small town is ______________ likely to be unethical in his business practices than a dry cleaner in a large city. This is because the larger a percentage of the population one person is, the _____________likely that person will have to further engage with people he encounters
A) more; less
B) less; less
C) more; more
D) less; more
D
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Use the following graph to answer the next question.
A firm that has the long-run cost curves shown in the graph above would not be able to ________.
A. exploit economies of scale B. serve an increasing share of the market at lower and lower unit costs C. attain lower unit costs by reducing its output level D. have an entry barrier protecting it from new entrants into the market
The total rate of return on an international asset is the:
a. spot rate plus the forward rate. b. rate of return on the asset plus or minus the expected capital gain or loss on currency changes. c. rate of return on the asset minus commissions. d. rate of return plus inflation minus taxes.
If the reserve ratio is 0.25, the money multiplier is:
A. 20.0. B. 25.0. C. 4.0. D. 5.0.
Under what market structure do we have only one firm?
A. Monopoly B. Perfect Competition C. Monopolistic Competition D. Oligopoly