Refer to Figure 4.1. Theodore is the ________ player
A) row
B) column
C) chapter
D) page
B
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Vicky currently produces at point a in the figure above. If Vicky moves from point a to point b to point c, her opportunity cost of a modem ________
A) decreases B) increases C) is zero D) remains the same
If the CPI is 120 in 1996 and 180 in 2002, then between 1996 and 2002, prices have increased by
A) 180%. B) 80%. C) 60%. D) 50%.
An oligopoly:
a. and monopolistically competitive market produce less and charge higher prices than if their markets were perfectly competitive. b. is characterized by mutual interdependence of pricing decisions. c. may be characterized by a kinked demand curve. d. all of these.
One reason for the huge investment by China into the US economy is the:
A. the desire of China to ‘sink’ the US economy. B. Chinese investors view that US investments are less stable. C. large savings rate in China that encourage capital outflow. D. low savings rate in China which makes the cost of borrowing very low in China.