It is most difficult for new firms to enter
A. An oligopolistic market.
B. A perfectly contestable market.
C. A perfectly competitive market.
D. A monopolistically competitive market.
Answer: A
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If the Federal Reserve simultaneously sells government bonds in the open market and raises reserve requirements, the
a. money supply will increase. b. money supply will decrease. c. money supply will stay the same. d. two tools will work against one another and the net effect on the money supply is uncertain.
For an investment to be considered autonomous, it must
A) be negatively related to the interest rate. B) increase as the level of income increases. C) include fixed components. D) be independent of the level of real disposable income.
The wealthiest 10 percent of the population owns about
A) 30 percent of all the wealth in the United States. B) 50 percent of all the wealth in the United States. C) 70 percent of all the wealth in the United States. D) 90 percent of all the wealth in the United States.
Which of the following countries has achieved the highest average annual rate of growth of real GDP from 1960 to 2007?
A)Canada B)United States C)South Korea D)United Kingdom