In the balance of payments, the buying and selling of real and financial assets is represented in
A) current account.
B) capital account.
C) labor account.
D) official reserve transactions account.
B
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Monopolistically competitive firms do not achieve productive efficiency because
a. entry of firms raises production costs in the long run b. barriers to entry allow profit to be earned in the long run c. price is greater than marginal cost at the profit maximizing output level d. profit is maximized at a quantity where average total cost is not minimized e. there is no threat of entry in the long run
When is it a good decision to hire a celebrity endorser of your product?
What will be an ideal response?
Use the money market to answer this question. Suppose there is a reduction in income. First, briefly explain what effect this will have on the interest rate. Second, explain all types of policies the central bank could implement to prevent this reduction in income from affecting the interest rate
What will be an ideal response?
The theory that real shocks to the economy are the primary cause of business cycles is
A. Hamiltonian theory. B. Keynesian theory. C. real business cycle theory. D. monetarism.