The kinked demand curve explains why __________ occurs in oligopoly even when costs change
a. collusion
b. oligopolistic competition
c. price rigidity
d. marginal revenue rigidity
e. the kink
C
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One topic of study for a microeconomist would be the
A) causes of inflation. B) causes of a nation's unemployment level. C) effects of a gasoline price increase on consumer behavior. D) effects of an increase in government spending on overall economic activity.
As a competitive economy uses its stocks of a depletable resource,
A. the resource price will fall by ever greater amounts each year. B. the resource price will rise by ever greater amounts each year. C. the use of the resource will increase at an increasing rate. D. resource use will drop to zero.
The European Central Bank is located in ______, probably as a result of ______ influence on European monetary policy because of its above-average economic performance.
A) London; Britain's B) Paris; France's C) Frankfurt; Germany's D) Geneva; Switzerland's
As the popularity of the pill spread:
A. the number of younger workers willing to take entry-level jobs collapsed. B. the number of women entering professional degree programs exploded. C. the unemployment rate for women skyrocketed as there were more women competing for the same jobs. D. the number of middle-aged women leaving the labor force