Nearly _____________ of the world's people have never made a phone call.
Fill in the blank(s) with the appropriate word(s).
two-thirds
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Sammy's Inc competes with a few other firms because there are natural barriers to entry. Sammy's operates in
A) a perfectly competitive market. B) an oligopoly. C) a monopolistically competitive market. D) a monopoly. E) a natural monopolistically competitive market.
The field of macroeconomics studies ________ and microeconomics studies ________.
A. variables within a single economy; international variables B. economic aggregates; individual markets C. individual markets; economic aggregates D. international variables; variables within a single economy
The immediate effect of a purchase of a government bond on the gross domestic product (GDP) is_____.?
a. a decrease in consumption b. an increase in government spending c. an increase in investment d. a decrease in investment e. nonexistent, since no real goods and services have been produced
If a French company exports $2 million of machinery to Italy and French tourists spend $2 million at Italian beaches, the Italian current account balance ________, and the Italian financial account balance ________.
A. rises; is unchanged B. is unchanged; rises C. is unchanged; is unchanged D. rises; rises