Oligopoly is characterized by
A. identical products only.
B. differentiated products only.
C. high barriers to entry.
D. many firms.
C. high barriers to entry.
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The public enterprise usually pursues a well defined purpose with exact controls over its behavior
Indicate whether the statement is true or false
Ceteris paribus, which of the following would you expect to have no effect on the demand curve for new automobiles?
A. An increase in the price of new automobiles. B. Consumer expectations that the price of new automobiles will be lower next year. C. Consumer expectations that a significant recession will develop and last for a year. D. A rise in the price of gasoline.
A decrease in marginal tax rates will ________ after-tax profits and ________ more investment.
A. decrease; discourage B. increase; discourage C. decrease; encourage D. increase; encourage
If the real interest rate falls, then the
A. consumption schedule will shift downward. B. investment schedule will shift upward. C. point moves along the investment schedule to the right. D. investment schedule will shift downward.