Which is not a form of product differentiation for the monopolistically competitive firm?
A. Brand names and trademarks.
B. Location and accessibility.
C. Standard weekday and weekend hours.
D. Promotion and packaging.
Answer: C
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Refer to Figure 9-3. What is the area of domestic producer surplus after the imposition of a quota?
A) B + C B) B + E + I + J + M C) B D) E + I + J + M
Eurobonds are bonds that are
A) sold outside the borrowing corporation's home country. B) sold in Europe. C) money market instruments. D) almost always underwritten by a single bank.
As wealth decreases, which of the following is likely to account for a smaller fraction of a saver's portfolio?
A) stocks B) corporate bonds C) cash D) U.S. government securities
Refer to the information provided in Figure 29.1 below to answer the question(s) that follow.
Figure 29.1Refer to Figure 29.1. Suppose it takes policy makers from time t2 to time t3 to see that the economy has started contracting. This is an example of
A. a recognition lag. B. an implementation lag. C. a policy lag. D. a response lag.