Strategic behavior and game theory are features of which market structure?
A) perfect competition
B) monopoly
C) monopolistic competition
D) oligopoly
Answer: D
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An increase in the value of the U.S. dollar will
A) increase Canadian demand for winter homes in Florida. B) increase the cost of homes in Florida for American buyers. C) reduce Canadian demand for winter homes in Florida. D) reduce the cost of homes in Florida for Canadian buyers.
Why is it important for economists to determine whether the velocity of money is constant or whether it is influenced by changes in the transactions demand for money?
Which of the following would be most likely to shift the consumption function downward?
a. a stock market crash b. a price level decrease c. increased corporate profits d. a stock market boom
Public choice analysis indicates that politicians will find
a. budget deficits more attractive than budget surpluses. b. budget surpluses more attractive than budget deficits. c. budget deficits attractive during an economic boom, but surpluses attractive during a recession. d. tax increases more attractive than increases in government spending.