We expect the demand curve in the perfectly competitive industry to be
A. negatively sloped.
B. vertical.
C. horizontal.
D. perfectly elastic.
Answer: A
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Financial intermediaries are
A) institutions that regulate financial instruments. B) organized exchanges where currencies are traded. C) organized exchanges where securities and financial instruments are bought and sold D) institutions that make loans to borrowers and obtain funds from savers.
The statistical discrepancy account:
a. accounts for services. b. accounts for gifts to foreigners. c. is included to ensure a balance between debits and credits in the capital account. d. estimates transactions that were omitted from the official reporting process. e. causes the net balance in the balance of payments to be negative.
Monopolies use their market power to
a. charge prices that equal minimum average total cost. b. increase the quantity sold as they increase price. c. charge a price that is higher than marginal cost. d. dump excess supplies of their product on the market.
Refer to the list. As distinct from the supply factors and efficiency factor of economic growth, the demand factor(s) of economic growth is (are):
Use the list below to answer the following question: 1. Improvements in technology. 2. Increases in the supply (stock) of capital goods. 3. Purchases of expanding output. 4. Obtaining the optimal combination of goods, each at least-cost production. 5. Increases in the quantity and quality of natural resources. 6. Increases in the quantity and quality of human resources. A. 1 only. B. 4 only. C. 1 and 3 only. D. 3 only.