Extensive government restrictions on the use of capital are likely to
A) result in capital resources being devoted to their most efficient uses.
B) enhance economic growth.
C) enhance economic freedom.
D) create dead capital.
D
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Product differentiation is a defining characteristic of
A) perfectly elastic demand. B) oligopoly. C) perfect competition. D) monopolistic competition.
At a carnival roulette wheel, a player can either win $10, $30, or $80 . At what cost of play should the player expect the wheel to be fair?
a. $10 b. $20 c. $30 d. $40
China exports more services than India
Indicate whether the statement is true or false
Firms A and B are identical, produce identical products, and are the only firms in a market. Firm A's output is higher than Firm B's. This means that Firm B is the
A) Cartel leader. B) Stackelberg leader. C) Stackelberg follower. D) Cournot leader.