If economic losses exist in a monopolistically competitive market,
a. new products will be introduced.
b. new firms will enter the market because they see potential for profit in the future.
c. firms will exit the market and the existing firms' demand curves will shift to the left.
d. the average total cost curve must lie below the demand curve.
e. firms will exit the market and existing firms' demand curves will shift to the right.
e
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If ________, total efficiency units of labor will increase
A) firms hire more workers B) the number of retired people in an economy increases C) the capital stock of an economy decreases D) the rate of unemployment increases
Over the most recent movement from cyclical peak to trough 2001: Q1 to 2001: Q4, gross private domestic investment ________ approximately ________ percent
A) rose; 61 B) fell; 7 C) rose; 21 D) fell; 11
The nominal interest rate is equal to the:
a. Real risk-free interest rate plus expected inflation. b. Real interest rate plus risk premium plus tax/subsidy premium plus maturity premium. c. Real interest rate plus risk premium plus tax/subsidy premium plus maturity premium plus expected inflation. d. Real interest rate plus expected inflation. e. None of the above.
Which of the following is correct?
a. If developing countries limit career and educational opportunities for women, birth rates are likely to be lower. b. Growth rates in developed and developing countries are nearly the same. c. Historically, in periods where the rate of population growth was high, so was the rate of growth in world real GDP per person. d. None of the above is correct.