Which of the following is not a necessary condition for a flat BP curve?
A) perfect capital mobility
B) perfect asset substitutability
C) fixed exchange rates
D) floating exchanges rates
E) Both C and D
E
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To determine if a market is an oligopoly, we need to determine if
A. the market's HHI is less than 900. B. the firms are so few that they recognize their mutual interdependencies. C. cartels are legal in their market. D. the firms make identical or differentiated products. E. there are many firms in the market.
Which of the following statements is true?
A) Optimization requires individuals to foresee the future perfectly. B) An optimizing individual need not consider the risks involved in various choices. C) An optimizing individual is also likely to exhibit rationality. D) The less information that is available, the easier it is to make optimal decisions.
The field of behavioral economics applies the methods of economics to study how government works
a. True b. False Indicate whether the statement is true or false
If he estimates that the industry supply function for computers in the town is P = 700 + .5Q, how many computers will be sold at equilibrium and at what price would the producers be selling?