A(n) ________ industry has a single, unique product and blocked entry.

A. monopolistically competitive
B. oligopolistic
C. perfectly competitive
D. monopolistic


Answer: D

Economics

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A policy that offers parents a tax reduction based on how much they are saving for their children's college education should ________ the equilibrium level of loanable funds and ________ the rate of long-term growth

A) increase; decrease B) increase; increase C) decrease; decrease D) decrease; increase

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Identify the externality that arises when basic research leads to new general knowledge. Is the externality positive or negative?

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Using an approximation to the UIP eqaution to determine the spot exchange rate, assume that the expected spot rate (after 1 year) for euros (in terms of dollars)= $1.50, the current interest rate on euro deposits is 2% and the current interest rate on dollar deposits is 6%. What current spot for euros would satisfy the equation?

a) $1.5*(1+2%)= $1.53 b) $1.5*(1-2%)= $1.47 c) $(1.5/(1+4%)= $1.442 d) $(1.5/(1-4%)= $1.563

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If there are 100 identical firms in a perfectly competitive industry, and the typical firm supplies 50 units of output at a price of $30, the industry output is 5,000 units at a price of $30.

Answer the following statement true (T) or false (F)

Economics