Which of the following is not an example of a monopolistically competitive market?
A) automobile producers
B) supermarkets
C) gas stations
D) makers of women's clothing
Answer: A
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What makes something money? What functions does money perform? Why do you think packs of chewing gum don't serve as money?
What will be an ideal response?
The monetary policy strategy that does NOT allow the policy to focus on domestic considerations is
A) exchange-rate targeting. B) monetary targeting. C) inflation targeting. D) the implicit nominal anchor.
In a market economy, buyers and sellers communicate their intentions to one another through:
a. government planners. b. negotiations overseen by government agencies. c. elected officials. d. prices.
With regard to capital budgeting decisions, when the initial cash investment is compared against the present value of cash returns from the next best alternative, it is referred to as
a. opportunity cost b. rate of return c. internal rate of return d. discounted payback rule e. net present value