A market is perfectly competitive if
A) each firm in it can influence the price of its product.
B) there are many firms in it, each selling a slightly different product.
C) there are many firms in it, each selling an identical product.
D) there are few firms in the market.
C
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Which of the following statements is correct?
A. Both perfectly competitive and monopolistic firms are price makers. B. Both perfectly competitive and monopolistic firms are price takers. C. A perfectly competitive firm is a price taker, while a pure monopoly is a price maker. D. A perfectly competitive firm is a price maker, while a pure monopoly is a price taker.
If exchange rates are floating, the Fed increasing its target inflation rate will cause the dollar to ________ relative to other currencies and cause net capital outflows to ________
A) appreciate; increase B) appreciate; decrease C) depreciate; increase D) depreciate; decrease
Based on the information in Scenario 15.7. You should
A) keep the wine in barrels. B) sell the wine now, to get $18 per bottle in profit. C) keep the wine unless you expect the price to fall below $18 per bottle. D) keep the wine unless you expect the price to rise above $22 per bottle. E) not do anything until you find out what the interest rate is.
Certificates of ownership of a company are called:
A. financial liabilities. B. stocks. C. limited liabilities. D. profits.