In which of the following types of markets does a single firm have the most market power?
A. Perfect competition.
B. Monopoly.
C. Monopolistic competition.
D. Oligopoly.
Answer: B
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If the interest rate on Swiss franc assets increases while interest rates in the United States remain constant, the
A) quantity of dollars demanded will decrease. B) demand for dollars will increase. C) demand for dollars will decrease. D) quantity of dollars demanded will increase.
If by purchasing a little more milk and a little less ice cream you could increase your total utility,
a. the MU of milk must be greater than that of ice cream b. the MU of ice cream must be greater than that of milk c. the MU/P of milk must be greater than that of ice cream d. milk must be cheaper than ice cream e. the MU of milk will increase
The tax multiplier equals 1 ? spending multiplier
a. True b. False Indicate whether the statement is true or false
Four major rivers flow from the decreasing snow melt of the Himalayan mountains. If you are a resident of northern India, which of these four rivers is most likely to threaten food production?
A. The Indus B. The Yangtze C. The Mekong D. The Ganges