A market that consists of only a few large firms is probably a(n):
A. monopoly.
B. perfectly competitive market.
C. monopolistically competitive market.
D. oligopoly.
D. oligopoly.
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From 1980 to 2014, the average annual growth rate for the Mexican economy has been 0.8 percent. Based on that growth rate and using the rule of 70, the number of years it will take real GDP per capita to double in Mexico is approximately
A) 9 years. B) 11 years. C) 56 years. D) 88 years.
Total factor productivity is
a. changes in amounts of factors of production b. changes in output due to changes in the amount of factors of production c. changes in output due to changes in productivity of factors of production d. changes in productivity of factors of production due to changes in other factors e. none of the above
Ceteris paribus, an increase in the government's budget deficit will decrease the financial account surplus
Indicate whether the statement is true or false
Time series variables fail to be stationary when
A) the economy experiences severe fluctuations. B) the population regression has breaks. C) there is strong seasonal variation in the data. D) there are no trends.