The two theoretical extremes of the market structure spectrum are occupied at one end by perfect competition and on the other end by monopoly
a. True
b. False
Indicate whether the statement is true or false
True
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If we observe a decrease in the price of a good and an increase in the amount of the good bought and sold, this could be explained by a(n):
a. increase in the supply of the good. b. increase in the demand for the good. c. decrease in the demand for the good. d. decrease in the supply of the good.
Cyclical unemployment is primarily caused by:
a. a large proportion of youthful workers in the labor force. b. fluctuations in aggregate demand. c. a lack of training on the part of job seekers. d. the failure of job seekers to search adequately for the available jobs.
If a country raises its budget deficit, then net capital outflow
a. rises, so the supply of its currency shifts right in the market for foreign-currency exchange. b. rises, so the demand for its currency shifts right in the market for foreign-currency exchange. c. falls, so the supply of its currency shifts left in the market for foreign-currency exchange. d. falls, so the demand for its currency shifts right in the market for foreign-currency exchange.
Foreign aid:
A. provided by developed countries to developing countries represents about 10 percent of the GDP of developed countries. B. is an important source of funding for investment in most developing countries. C. does not contribute much to domestic investment in most developing countries. D. is largely wasted in most developing countries because it comes with no strings attached.