The commercial air travel industry and the wireless service industry illustrate which type of market structure?
a. Oligopoly
b. Natural monopoly
c. Duopoly
d. Perfect competition
a. Oligopoly
Economics
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Draw a scatter diagram of the growth rate and the unemployment rate. Describe the relationship
What will be an ideal response?
Economics
In economics, money refers to
A) income. B) wealth. C) assets used and accepted as payment. D) currency.
Economics
Which of the following is NOT a basic assumption of the "Lucas" model?
A) slow adjustment of wages and prices B) rational expectations C) imperfect information D) market-clearing
Economics
If Stock A increases in value when Stock B decreases in value at the same time, they are
A) negatively correlated. B) uncorrelated. C) positively correlated. D) in different industries.
Economics