Which of the following does NOT influence the type of oligopoly that forms?
A) Whether firms act sequentially or simultaneously.
B) Whether firms set price or quantity.
C) The type of demand curve the firms face.
D) The time horizon over which firms will be in competition.
C
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Is inflation a macroeconomic or a microeconomic question? Why?
What will be an ideal response?
The goal of health insurance is to
a. redistribute income from the sick to the healthy. b. spread risk over a large group of people. c. equally distribute the probability of loss over a large number of people. d. collect sufficient premiums to cover all possible losses. e. equalize the availability of medical care across population groups.
In a negative income tax program, the higher the income earned, the higher will be the family's after-tax income
Indicate whether the statement is true or false
In the presence of serial correlation:
A. estimated standard errors remain valid. B. estimated test statistics remain valid. C. estimated OLS values are not BLUE. D. estimated variance does not differ from the case of no serial correlation.