Mutual interdependence means that oligopolistic producers rely primarily on price competition in determining their shares of the total market for their products
Indicate whether the statement is true or false.
Answer: False
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The equilibrium real interest rate in Belgium will be
A) generally above the world real interest rate. B) generally below the world real interest rate. C) equal to the world real interest rate. D) determined by the equilibrium between desired domestic saving and desired domestic investment.
The most important implicit cost generally omitted from the accounting statement of a firm is the
a. rental cost of machinery. b. cost of compliance with government regulations. c. opportunity cost of the equity capital invested by the owners. d. accounting cost incurred as the result of tax compliance.
Which of the following statements is correct?
a. The expected future profitability of a corporation influences the demand for that corporation's stock. b. When a corporation sells stock as a means of raising funds it is engaging in debt finance. c. The owners of bonds sold by the Microsoft Corporation are part owners of that corporation. d. All bonds are, by definition, perpetuities.
Which of the following is true about the marginal rate of substitution?
A. the change in the quantity of one good that just offsets a one unit change in the consumption of another such that the total satisfaction remains constant. B. positively related to the level of income. C. the additional satisfaction from consuming an additional unit of a good or service. D. the set of goods and services that are available to the consumer given his income.