Which of the following is true about oligopoly?
A) There are few buyers B) There is no ability to set price
C) There are many sellers D) none of the above
Answer: D
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If interest rates in the European Union decrease
A) the demand for U.S. dollars will fall in the foreign exchange market. B) the supply of U.S. dollars will fall in the foreign exchange market. C) the demand for euros will fall in the foreign exchange market. D) nothing will change in the foreign exchange market.
The IMF mostly receives its funds from:
a. the subscription fees paid by the member nations. b. selling of bonds. c. the loans given by the World Bank. d. the central banks of the major industrialized nations. e. the gold reserves available with the Fed.
Because of the problem of second-hand smoke, if unregulated, the market for cigarettes would produce a quantity that is too ____ at a price that is too ____ when compared to the socially optimal results
a. low; low b. high; low c. low; high d. high; high
Usually, increased government spending for war increases inflationary pressures. The principal reason that inflation occurred during the Vietnam War and not during World War II was the existence, during World War II, of
a. full employment. b. government ownership of factories. c. full production. d. wage and price controls. e. high levels of patriotism.