What water price structure is most common in the United States?
a. Uniform block structure
b. Constant price structure
c. Increasing block structure
d. Decreasing block structure
e. Marginal price structure Feedback
Ans: c. Increasing block structure
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A major difference between monopolistic competition and perfect competition is
A) that products are not standardized in monopolistic competition unlike in perfect competition. B) the barriers to entry in the two markets. C) the degree by which the market demand curves slope downwards. D) the number of sellers in the markets.
A regional trade agreement involves:
a. Most, if not all, the nations in the world. b. several nations, usually trading partners, with a common agenda or geographically linked. c. nations that agree to trade only with nations in their region. d. a region of the world with not only trade issues but also political cohesiveness.
Refer to the information provided in Figure 12.4 below to answer the question(s) that follow.
Figure 12.4There are two sectors in the economy, X and Y, and both are in long-run, zero-profit equilibrium at the intersections of S0 and D0.Refer to Figure 12.4. Assume consumer preference changes toward X and away from Y. Ceteris paribus, the likely change in capital flow in sector Y will cause the industry's short-run ________ curve to shift to the ________.
A. supply; left B. supply; right C. demand; right D. demand; left
Refer to the graph shown. An increase in American interest rates would shift:
A. D1 left and S1 left, causing an appreciation of the euro. B. D1 left and S1 right, causing a depreciation of the euro. C. D1 right and S1 left, causing an appreciation of the euro. D. D1 right and S1 right, causing a depreciation of the euro.