"An oligopoly is an oligopoly. Firms behave the same no matter what type of oligopoly it is." This statement is true of:
A. Cournot and Stackelberg oligopolies.
B. Bertrand and Stackelberg oligopolies.
C. Bertrand and Cournot oligopolies.
D. None of the answers is correct.
Answer: D
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Which legal claim has a fixed annual coupon payment?
A) common stock B) preferred stock C) bond D) reinvestment
An important policy goal in undeveloped labor markets is
a. lowering interest rates and increasing access to money and loans. b. helping workers to become more connected to the labor market and the economy. c. passing laws to protect worker rights and protect worker safety. d. to maintain inflation at a rate comparable to higher-income countries.
On the graph that depicts the theory of liquidity preference,
a. the demand-for-money curve is vertical. b. the supply-of-money curve is vertical. c. the interest rate is measured along the horizontal axis. d. the price level is measured along the vertical axis.
Gladys agrees to lend Kay $1,000 for one year at a nominal rate of interest of 5 percent. At the end of the year prices have actually risen by 7 percent.
A. Gladys earns extra real income. B. Kay loses extra real income. C. Kay receives extra real income. D. Neither party gains or loses if the loan is repaid.