Markets in which firms sell their output of goods and services are called:
A. command markets.
B. resource markets.
C. product markets.
D. mixed markets.
Answer: C
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Suppose the CPI last year was 82.3 and this year is 90.9. Based on this information, we can calculate that the inflation rate in 1981 was
A) 10.4 percent. B) 8.6 percent. C) 90.9 percent. D) 82.3 percent. E) 9.09 percent.
How is accounting profit calculated?
What will be an ideal response?
In the monetary small open-economy model with a flexible exchange rate, an increase in the foreign price level has which impact on domestic money demand?
A) It increases it. B) It decreases it. C) It has no impact. D) It depends.
The moral-hazard problem and the desire of firms to lessen that problem serve as a plausible explanation for a firm paying above-equilibrium wages to its workers
a. True b. False Indicate whether the statement is true or false