In general, oligopolists compete
A. on price alone.
B. on price, R&D, and marketing and advertising.
C. on many dimensions except for price.
D. None of the above. There is no competition in oligopolistic industries.
Answer: B
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When a good is imported into the United States, a ________is created
A) supply of foreign currency with no effect on the market for the dollar B) demand for dollars with no effect on markets for foreign currencies C) supply of foreign currencies and a demand for dollars D) demand for foreign currencies and a supply of dollars
For the Coase theorem to work there must be clear assignment of property rights
Indicate whether the statement is true or false
Franklin Roosevelt implemented the New Deal in the 1930s, and Congress passed the Full Employment Act of 1946 . Both were examples of the government adopting the ideas of
a. classical economics b. rational expectations economics c. supply-side economics d. neo-Keynesian economics e. Keynesian economics
Assuming all else equal, if the real interest rate increases, it will lead to:
A) a decrease in the quantity of credit demanded by a firm. B) a rightward shift of the credit demand curve of a firm. C) a leftward shift of the credit demand curve of a firm. D) an increase in the quantity of credit demanded by a firm.