A(n) ________ industry is characterized by strategic behavior.
A. oligopolistic
B. monopolistic
C. monopolistically competitive
D. perfectly competitive
Answer: A
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If substantial income mobility is present, then there is considerable movement of individuals up and down the income ladder over time
a. True b. False Indicate whether the statement is true or false
Suppose Erie Textiles can dispose of its waste "for free" by dumping it into a nearby river. While the firm benefits from dumping waste into the river, the waste reduces fish and bird reproduction. This causes damage to local fishermen and bird watchers. At a cost, Erie Textiles can filter out the toxins, in which case local fishermen and bird watchers will not suffer any damage. The relevant gains and losses (in thousands of dollars) for the three parties are listed below. WithFilterWithoutFilterGains to Erie$200$400Fisherman$180$50Bird Watchers$130$25When Erie Textiles operates without a filter, the total gain (in thousands of dollars) to all three parties is ________.
A. $985 B. $510 C. $325 D. $475
Macroeconomics focuses on the behavior of
A. The overall economy. B. Government agencies. C. Individual consumers. D. All of the choices are correct.
If the MPS = 0.2, the multiplier would be:
A. 0.5. B. 1. C. 2. D. 5.