Collusion is:
A. more likely in perfectly competitive markets.
B. not affected by firm's ability to enter a market.
C. more likely when the threat of market entry is missing.
D. less likely when the threat of market entry is missing.
Answer: C
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The signaling effect of foreign exchange intervention
A) never has any effect on exchange rates. B) can alter the market's view of exchange rates independent from the stance of monetary and fiscal policies. C) cannot cause an immediate exchange rate change when bonds denominated in different currencies are perfect substitutes. D) never leads to actual changes in monetary or fiscal policy. E) can alter the market's view of future monetary policies and cause an immediate exchange rate change.
Scarcity is
A. a permanent human condition relative to the nearly limitless nature of human desires. B. a situation of shortage after a hurricane. C. represented by long lines at stores. D. the same thing as poverty.
What would in happen in a given market if transaction costs for the product traded were reduced? Generally, what is the impact of transaction costs on market operations?
What will be an ideal response?
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C