An example of a monopolistically competitive industry is cable television service.
Answer the following statement true (T) or false (F)
False
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Lack of prudential regulation of capital markets in East Asia often led to
a. borrowing short term and lending long term b. borrowing and lending short term c. borrowing and lending long term d. borrowing long term and lending long term e. very little borrowing
The average tariff rate dutiable imports in the United States is approximately
A) less than 10 % of the value of imports. B) 15% of the value of imports. C) 20 % of the value of imports. D) 25% of the value of imports. E) more than 30% of the value of imports.
The real interest rate on a loan
a. is the amount that the consumer agrees to pay b. is always the same as the nominal rate c. is always greater than the nominal rate d. is only of concern when serious inflation occurs e. is the percentage increase in the lender's purchasing power that results from making the loan
In economics, "National Saving" is calculated by
What will be an ideal response?