In an oligopolistic market,:
A. the larger the number of firms and the more elastic the demand, the greater the markup.
B. the larger the number of firms and the less elastic the demand, the greater the markup.
C. the smaller the number of firms and the less elastic the demand, the greater the markup.
D. the smaller the number of firms and the more elastic the demand, the greater the markup.
C. the smaller the number of firms and the less elastic the demand, the greater the markup.
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The domestic currency value of the return on a foreign investment when the foreign currency proceeds are sold in the forward market, is defined to be the
A) covered return. B) uncovered return. C) forward return. D) Both B and C.
When there are many buyers and sellers, no significant barriers to entry, and a differentiated product, the market structure is called
a. an oligopoly b. perfect competition c. monopolistic competition d. a monopoly e. unbalanced monopoly
Among countries with per capita GDP in 2004 of less than $2,000,
A. the ruling party typically can print money when it wants. B. inflation rates tend to be high. C. central banks tend to be weak or non-existent. D. all of the options are correct.
The multiplier effect relates:
A. Changes in the price level to changes in real GDP B. Changes in the interest rate to changes in investment C. Changes in disposable income to changes in consumption D. Changes in spending to changes in real GDP