A monopoly may arise due to:
A. a patent.
B. network externalities.
C. large economies of scale.
D. All of these
Answer: D
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The table above shows the exchange rates between various currencies and the U.S. dollar. Between 2015 and 2016, the Canadian dollar ________ against the U.S. dollar and the Japanese yen ________ against the U.S. dollar
A) depreciated, depreciated B) appreciated, appreciated C) appreciated, depreciated D) depreciated, appreciated
Which of the following is TRUE?
A) A country with a current account surplus is earning more from its exports than it spends on imports. B) A country could finance a current account deficit by using previously accumulated foreign wealth to pay for its imports. C) A country with a current account deficit must be increasing its net foreign debts by the amount of the deficit. D) We can describe the current account surplus as the difference between income and absorption. E) All of the above are true of current account balances.
Which of the following is a term for the total value of a firm's outstanding shares?
A) market value B) intrinsic value C) fair value D) fairness value
Human capital consists of the skills and knowledge that workers possess
a. True b. False