Which of the following firms is most likely to have market power?
a. a grocery store in a metropolitan area
b. a convenience store in a suburb
c. a pub in a college town
d. the only gasoline station in a rural area
d
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Holding constant risk and the real returns available abroad, lower domestic real interest rates ________ capital inflows, ________ capital outflows, and ________ net capital inflows.
A. decrease; increase; decrease B. increase; increase; decrease C. increase; decrease; increase D. increase; increase; increase
In the above figure, the budget line would rotate in the direction indicated as a result of a
A) rise in the price of a book. B) fall in the price of a book. C) rise in the price of a movie. D) decrease in income.
If the incomes of New Englanders increased and they demanded more tobacco, then tobacco would be:
a. a normal good. b. an inferior good. c. a substitute good. d. a complementary good.
Price leadership is not ______ collusion but ______ collusion.
a. tacit; outright b. predatory; vertical c. outright; tacit d. competitive; tying