Assume firms break even in an industry. New firms ________ attracted to the industry and current ones ________ exiting it.
A. are not; are not
B. are; are
C. are not; are
D. are; are not
Answer: A
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In the United States from 1981 to 2013, deaths from diabetes increased largely due to the effects of
A) a larger immigrant population. B) increasing obesity. C) stress in the workplace. D) foreign-produced insulin.
An oligopolistic industry is characterized by all of the following except
A) production of standardized or differentiated products. B) firms pursuing aggressive business strategies, independent of rivals' strategies. C) existence of entry barriers. D) the possibility of reaping long-run economic profits.
If you bought a long contract on financial futures you hope that interest rates
A) rise. B) fall. C) are stable. D) fluctuate.
In the United States, one problem with central bank independence is:
A. it is almost impossible to obtain because Congress controls the budget of the Federal Reserve. B. central bank independence has not produced favorable results. C. in a representative democracy, monetary policymakers must be held accountable to the public. D. the central bank can control policy, but the U.S. Treasury issues currency.