When comparing industries, a monopolistically competitive industry is less competitive than an oligopoly.
Answer the following statement true (T) or false (F)
False
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When the price level rises there is a ________ the aggregate demand curve
A) movement down along B) rotation of C) rightward shift of D) leftward shift of E) movement up along
Without successful bargaining, economic efficiency will not be achieved when there is a negative externality because
A) too much of the good will be produced. B) too little of the good will be produced. C) economic surplus is being maximized. D) the externality causes consumer surplus to exceed producer surplus.
Which of the following contributes to a current account surplus for a country?
A) having tourists visit the country B) importing textiles C) having foreigners buy government securities from the country's government D) importing financial services
The more bidders there are at a second-price auction,
a. the higher the expected selling price b. the higher each bidder bids c. the more each bidder will shade his bid d. the less each bidder will shade his bid