Which of the following is not assumed to be constant along a money demand curve?
a. The price level
b. The interest rate
c. Real GDP
d. Nominal GDP
e. Individual's tastes and preferences
b
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A sudden discovery of a new, massive source of uranium in New Mexico will likely cause the price of uranium to ________, which will ________ the quantity of uranium demanded by consumers
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Assuming everyone wants to advance their interests in an effective way is an assumption of
A) capitalism. B) economic theory. C) government. D) selfishness.
In a monopolistically competitive market, the demand curves faced by incumbent firms are unaffected by the entry of new firms into the market
a. True b. False Indicate whether the statement is true or false
Which of the following is a legal barrier to entry?
i. public franchise
ii. government license
iii. patent
A) iii only
B) i and iii
C) ii and iii
D) i, ii, and iii
E) i and ii