General equilibrium analysis
A. concerns competitive equilibrium only in the factor markets.
B. concerns competitive equilibrium only in the product markets.
C. concerns competitive equilibrium in a single market, considered in isolation.
D. is the study of competitive equilibrium in many markets at the same time.
D. is the study of competitive equilibrium in many markets at the same time.
You might also like to view...
Which of the following can be considered as a cultural barrier to trade?
a. Prohibition on Zimbabwean aircrafts from flying over or landing in Canada b. Restriction on the export of luxury goods to the Democratic Peoples Republic of Korea from Canada c. An arms embargo imposed on China by the U.K. government d. Japanese law requiring a new retail firm to receive permission from other retailers in the area in order to open a business e. Restriction on the export of strategic goods to Ghana imposed by the government of U.K
Major U.S. exports include automobiles and aircraft
Indicate whether the statement is true or false
Not having to pay for a good leads to:
A. oversupply. B. overconsumption. C. underconsumption. D. irrational consumption.
According to the Taylor Rule, if current inflation is 2.5 percent, the target inflation rate is 2 percent, and output is 1 percent above potential, the Fed should target the federal funds rate at 5.25 percent.
Answer the following statement true (T) or false (F)