Multinationals typically operate in a market structure that would best be described as
A. inherently disadvantaged.
B. perfect competition.
C. monopoly.
D. an oligopoly.
Answer: D
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The purpose of having the members of the Board of Governors of the Federal Reserve serve fourteen-year terms is to
A) establish long-standing ties with high-level officials of other nations' central banks. B) ensure that the governors become well-experienced at policymaking. C) promote unity of opinion from shared time together. D) insulate the governors' policy decisions from the influence of presidential elections and politics.
When a country has a negative current account, that country is
A) borrowing from the rest of the world. B) lending to the rest of the world. C) running a government budget surplus. D) None of the above is correct.
Competitive firms that maximize profits will hire workers until the value of the marginal product of labor
a. equals the wage. b. equals the price of the final good. c. begins to fall. d. begins to rise.
During an election, a candidate who is not doing as well in the polls as his or her opponent will
A) modify his or her position so that it is more like that of his or her opponent. B) modify his or her position so that it is less like that of his or her opponent. C) become more specific in discussing the issues. D) label his or her opponent as a middle-of-the-roader.