In oligopolistic markets
A) there are many firms.
B) there are no barriers to entry.
C) there are only a few firms.
D) all firms are price takers.
C
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Under the right circumstances, what resource could be used in the production of gasoline?
A) Rosary beads B) A telephone operator C) Olive oil D) Computers E) All of the above.
We can roughly estimate how long it will take a country to double its real GDP per capita using the:
A. rule of 70. B. rule of 60. C. growth estimator. D. GDP deflator.
The U.S. Postal Service enjoys a monopoly position because of patent rights.
Answer the following statement true (T) or false (F)
If the government budget is balanced, and saving is greater than investment, then the
a. current account must be in surplus. b. current account must be in deficit. c. current account balance must be zero. d. capital account must be in surplus.