Price taking behavior exists in
A) perfectly competitive markets.
B) markets with a monopolist, where consumers have to take price as it is given to them by the monopolist.
C) automobile markets where consumers have to take the price set by the dealer.
D) Both answers B and C are correct.
A
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List the various reasons that contributed to the financial crisis that occurred in 2008
If the exchange rate between the U.S. dollar and the European euro went from $1.20 US = 1 euro to $1.10 US = 1 euro, then
a. European goods have become less expensive for Americans. b. American goods have become less expensive for Europeans. c. American exports to Europe are likely to increase. d. American imports from Europe are likely to decrease.
Consider a market that sells some of its goods as exports. Who does NOT benefit?
A) foreign consumers B) workers in the industry C) domestic consumers D) domestic producers
You start with a portfolio valued at $500. Over the next twelve months it loses 40%; the following year it has a gain of 30%. At the end of two years your portfolio is worth:
A. $450. B. $410. C. $390. D. $300.