Considering the spectrum of market structures and moving from pure competition to pure monopoly we can say that
A) entry barriers get lower but exit gets more difficult.
B) entry becomes harder but exit becomes easier.
C) entry gets harder and the number of firms dwindles.
D) none of the above.
Answer: C
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Among those who became permanent legal residents of the U.S. in 2011, about how many were family sponsored?
A. 65% B. 40% C. 33% D. 25%
The economic way of thinking assumes
A) people act selfishly. B) people act altruistically. C) people act to promote the projects in which they are interested. D) people do not act at all; they merely react to the environment around them.
Consider the following types of demand curves:
a. a vertical demand curve b. a horizontal demand curve c. a linear downward-sloping demand curve Which of the demand curves listed exhibits a price elasticity of demand coefficient that remains constant along the demand curve? A) a only B) b only C) a and b only D) a, b, and c
A stock mutual fund's primary advantage is to allow
A) investors to diversify away systematic risk. B) investors to diversify away all risk. C) investors to diversify away idiosyncratic risk. D) the rich to avoid taxes.