A firm must be able to ________ competition if it is to exercise control over the price of its product.
A. limit
B. not change
C. maximize
D. increase
Answer: A
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Answer the next question based on the following data. (These national income figures are in billions of dollars.)Personal consumption expenditures$4,500Consumption of fixed capital150Gross private domestic investment800Government purchases950Exports65Imports85GDP in this economy is ________.
A. $6,230 billion B. $6,380 billion C. $6,080 billion D. $6,400 billion
Describe the product cycle, including addressing the various inputs that are required over time and the resulting production location decisions
What will be an ideal response?
An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
Suppose that you purchase a Korean government bond and the number of won needed to purchase one dollar increases. Your return on the bond:
A. decreases by more than the amount of the dollar's appreciation. B. decreases by the amount of the dollar's appreciation. C. increases by the amount of the dollar's appreciation. D. decreases by less than the amount of the dollar's appreciation.