Corruption laws are designed to prevent multinational corporations from using unethical means to obtain competitive advantage in a particular market.
Indicate whether the statement is true or false.
Answer: True.
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Which of the following is not considered a barrier to entry?
a. patents b. government licenses c. economies of scale d. diseconomies of scale e. control over essential resources
The Fed loses some control over the interest rate once it targets the money supply,
a. but the interest rate doesn't move in an inappropriate direction with respect to the Fed's monetary policy b. and the interest rate often moves in the opposite of the targeted direction c. but it can still dictate what the interest rate will be d. and loses as well control over open market operations which are linked to the interest rate e. but still maintains indirect control through open market operation
What is TRUE when the credit market is in equilibrium?
A) The legal minimum wage equals the actual wage. B) Desired saving equals desired investment. C) Desired employment equals the number of jobs available. D) Desired consumption spending equals the total of saving plus investment.
An economy produces capital goods and consumer goods. This economy is operating at a point on its production possibility frontier associated with a small amount of capital goods and a large amount of consumer goods. This is most likely to be a
A. country with a command economy. B. "rich" country because such a nation can afford to sacrifice. C. country with a free market. D. "poor" country because such a nation has difficulty devoting many resources to the production of capital goods.