We categorize market structures according to
a. price, function, and size
b. number of firms, entry conditions, and substitutability of goods
c. entry conditions, location, and function
d. number of firms, location, and size
e. number of firms, entry conditions, and size
B
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Investment banks specialize in information regarding
A) commodities. B) certificates of deposit. C) demand deposits. D) primary securities.
Cartels:
A. can effectively sustain large profits in the long run. B. are usually illegal. C. can act as if they are a single monopoly. D. All of these statements are true.
Which one of the following equations is correct?
A. Total reserves minus excess reserves equals required reserves. B. Excess reserves minus required reserves equals total reserves. C. Required reserves equals excess reserves divided by total reserves. D. Total reserves equals excess reserves divided by required reserves.
Which of the following statements is correct?
A. Theory and hypothesis are interchangeable terms for the same thing. B. A hypothesis may result from a tested and confirmed theory. C. A theory may result from a tested and confirmed hypothesis. D. A hypothesis is a theory whose formulation relies on mathematics.