The distinguishing features of oligopoly are ________ and a ________ in the industry
A) barriers to entry; large number of firms
B) no barriers to entry; few firms
C) barriers to entry; few firms
D) no barriers to entry; large number of firms
C
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
A derivative is any financial instrument whose value depends on the:
a. extent of asset diversification. b. expected rate of inflation. c. purchasing power of the people. d. value of an underlying asset.
The supply of U.S. dollars in the foreign exchange market originates from
A. Demand for U.S. dollars for speculative purposes. B. American demand for imported goods. C. Demand by foreigners for U.S.-produced goods. D. Foreign investments in America.
What are two reasons diminishing returns to specialization occur? (Check both responses.)
What will be an ideal response?