Which of the following pairs of market types are both characterized by having a large number of firms?
A) monopoly and oligopoly
B) monopoly and monopolistic competition
C) perfect competition and oligopoly
D) perfect competition and monopolistic competition
D
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Refer to Table 4.2. With which scenario will you be best off by investing in Japanese bonds instead of U.S. bonds?
A) A B) B C) C D) D
Which of the following is true concerning trade?
A. It reduces consumption possibilities. B. All groups benefit from free trade. C. It shifts the production possibilities curve to the right. D. It redistributes income away from import-competing industries.
Among the fundamental concepts in economics is
A. efficient markets. B. marginalism. C. opportunity cost. D. all of the above
Refer to the information and assume the stadium capacity is 5,000. If the Mudhens' management charges $7 per ticket:
A. some fans who want to see the game will find that tickets are not available.
B. there will be 2,000 empty seats.
C. there will be 1,000 empty seats.
D. the game will be sold out.