Monopolistic competition has at least one similarity to perfect competition: firms are free to enter and leave the industry
a. True
b. False
Indicate whether the statement is true or false
True
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Ceteris paribus, the amount of required reserves decreases when the dollar volume of transactions accounts increases.
a. true b. false
During times of high unemployment, colleges often observe an increase in enrollment even if tuition remains unchanged. Why?
A. The benefit of attending college is lower because college graduates are less likely to find jobs. B. The opportunity cost of attending college is higher when unemployment is high. C. The opportunity cost of attending college is lower when unemployment is high. D. Students go to college even when the net benefit is negative.
Payments made by the government that do not require an exchange of economic activity in return are also known as
A. built-in stabilizers. B. government spending. C. transfer payments. D. fiscal multipliers.
Among the impediments to the international mobility of capital are
A. restrictions on foreign ownership. B. fear of nationalization or political instability. C. fluctuations in exchange rates. D. All of the above are correct.