Which of the following is most likely to be sold in an oligopoly market?
A. cotton
B. electricity supply in a small town
C. pizza
D. wireless service with a few suppliers
Answer: D
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Differentiate between an open and a closed economy? Do you agree that the U.S. economy is more open among the advanced industrial countries in the world?
What will be an ideal response?
The key interest rate in the Eurocurrency market is the
A) London interbank offer rate. B) Eurobank spread rate. C) Prime rate. D) C.D. rate.
A free rider problem arises when
a. there are very few beneficiaries and exclusion of any one of them is possible. b. there are many beneficiaries and exclusion of any one of them is possible. c. there are many beneficiaries and exclusion of any one of them is impossible. d. there are very few beneficiaries and they all try to use the good simultaneously.
An unexpected increase in inventories has a negative effect on future production.
Answer the following statement true (T) or false (F)