Dutch Disease is associated with a dramatic decline in the demand for a primary commodity produced by a country
a. True
b. False
Indicate whether the statement is true or false
False
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Which of the following factors are involved in monopolistic competition?
a. operates at minimum ATC; allocative inefficiency; productive efficiency b. fails to operate at minimum ATC; allocative inefficiency; productive inefficiency c. operates at minimum ATC; allocative efficiency; productive inefficiency d. fails to operate at minimum ATC; allocative efficiency; productive efficiency
If the firm is producing in the long run, then the firm's average total cost curve:
A. equals the average variable cost curve. B. is less than the average variable cost curve. C. exceeds the average variable cost curve. D. equals zero.
Which of the following would likely reduce income inequality?
A. A reduction in the number of high school dropouts. B. A reduction in social security benefits. C. Greater inequality in the distribution of wealth. D. More stringent requirements to obtain occupational licenses.
(Consider This) The Fed is like a sponge in that it can:
A. clean up economic problems just as one would wash dirt off a car. B. squeeze new reserves into the banking system, or soak up reserves if the banking reserve "bowl" is too full. C. wipe away inflation when used with the "soap" of fiscal policy. D. wash the "windows" of the banking system so that monetary policy is more transparent.