In which of the four oligopolistic markets below is there considerable price competition?
A. music production industry
B. high-definition DVD industry
C. stent industry
D. airline industry
Answer: D
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Roughly what percent of American families lived below the poverty line in 1960?
A) 8% B) 18% C) 28% D) 38% E) 48%.
Under British rule, colonists were considered British subjects and had most of the same rights of British citizens
Indicate whether the statement is true or false
A compensating wage differential is
a. the difference between the wage of an individual working in favorable conditions and the wage of an individual working in unfavorable conditions b. compensation paid to an individual for working in a less desirable environment c. premium paid to a security holder to compensate him for bearing a higher risk d. Only A&B
Using the aggregate expenditures model, if aggregate expenditures (aggregate demand) is $10 trillion and aggregate output is $10.3 trillion:
a. businesses will accumulate inventories, and output will decline. b. real output will increase if the full-employment capacity of the economy is greater than $10.3 trillion. c. inflation will be a problem if the full-employment capacity of the economy exceeds $10.3 trillion. d. both b and c are correct.