A duopoly is an industry with two firms in it.
Answer the following statement true (T) or false (F)
True
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Of the following, which is not an economic rationale for public utility regulation?
a. production process exhibiting increasing returns to scale b. constant cost industry c. avoidance of duplication of facilities d. protection of consumers from price discrimination e. none of the above
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. Considering both country's production possibilities frontiers, we can infer that Country A will specialize in:
A. trucks, and be willing to accept no less than 5 cars for each truck.
B. cars, and be willing to give no more than 5 cars for each truck.
C. trucks, and be willing to accept no more than 5 cars for each truck.
D. cars, and be willing to give no less than 5 cars for each truck.
The speed with which money circulates through the economy is called the
A. oversimplified multiplier. B. velocity of circulation. C. exchange rate. D. money multiplier.
If the interest rate is 15%, what is the future of value of $10,000 two years from now?
A. $13,225 B. $225 C. $13,000 D. $7,576