Which countries had double digit inflation rates for most of the first decade in the twenty-first century?
a. Nigeria, Turkey, Venezuela, Myanmar
b. Indonesia, Iran, Belarus, the Russian Federation
c. Nigeria, Indonesia, the Russian Federation, Turkey
d. Indonesia, Iran, Nigeria, the Russian Federation
d. Indonesia, Iran, Nigeria, the Russian Federation
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Chinese exports of toys and footwear can be explained by factor endowments, while Chinese exports of telecommunications equipment and computers and accessories can be explained by product-cycle analysis
Indicate whether the statement is true or false
In a publicly traded corporation, which of the following is responsible for business debts and activities?
A. The corporation itself. B. The individual stockholders. C. The board members. D. The owners.
Prices are particularly sticky:
A. when there are widespread macroeconomic and monetary disturbances in the economy. B. in the long run. C. when markets are highly competitive. D. when the economy is at full employment and positive demand shocks are occurring.
How does the long run equilibrium of a monopolistically competitive industry differ from that of a perfectly competitive industry?
A) A firm in monopolistic competition will earn economic profits but a firm in perfect competition earns zero profit. B) A firm in monopolistic competition will charge a price higher than the average cost of production but a firm in perfect competition charges a price equal to the average cost of production. C) A firm in monopolistic competition does not take full advantage of its economies of scale but a firm in perfect competition produces at the lowest average cost possible. D) A firm in monopolistic competition produces an allocatively efficient output level while a firm in perfect competition produces a productively efficient output level.