Excess capacity and high advertising expenditures are most likely to be encountered in
A) perfect competition.
B) monopolistic competition.
C) monopoly.
D) both monopolistic and perfect competition.
B
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Which of the following countries has higher income mobility than the United States?
A. Canada B. France C. Denmark D. All of these countries have higher income mobility than the United States.
If Japan imposes a tariff on shoes from Argentina, then
a. the price of Argentinean shoes sold in Japan will fall b. the quantity of Argentinean shoes sold in Japan will rise c. Japanese shoe producers will benefit d. Japanese consumers will benefit from lower prices for Japanese shoes e. Japanese consumers will benefit from lower prices for Argentinean shoes
Explain how derivates were used to increase risk making the financial crisis of 2007-2009 more severe
If the economy is near full employment and Congress cuts taxes, the proper monetary policy should be
a. expansionary to keep the economy fully employed. b. expansionary to counteract the increased deficit. c. contractionary to shift the aggregate demand curve outward. d. contractionary to counteract the effects of fiscal policy.