An oligopoly with a dominant price leader will produce a level of output below that which would prevail under ________ and above that which a ________ would choose in the same industry.
A. cartel; competitive industry
B. competition; monopolist
C. monopoly; cartel
D. monopoly; competitive industry
Answer: B
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Which of the following statements regarding the gross domestic product is true? a. It is useful in comparing the overall performance of different economies at the same time
b. It measures aggregate income in an economy over a period of ten years. c. It measures the value of all goods and services produced in the world during a given period. d. It is a measure of an economy's price level during a particular year. e. It records the cumulative value of all goods and services produced by domestically owned factors of production.
A . When the United States experienced double-digit inflation rates in the 1970s, people routinely bought houses that were more expensive than they could easily afford. Explain their behavior. b. Mortgage companies responded to this behavior, in part, by offering variable rate mortgages, where the interest rate for the loan varies with the inflation rate. Explain their behavior
Wages will tend to be high in labor markets where supply is relatively high and demand is relatively weak
a. True b. False Indicate whether the statement is true or false
In finance, the leverage ratio refers to:
A. ratio of assets it has relative to its equity. B. using borrowed money to pay for investments. C. how a firm decides to borrow funds that it doesn't have. D. ratio of assets it has relative to debt.