A(n) ________ industry has a single, unique product and blocked entry.
A. monopolistically competitive
B. oligopolistic
C. perfectly competitive
D. monopolistic
Answer: D
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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
Identify the externality that arises when basic research leads to new general knowledge. Is the externality positive or negative?
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
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)