When deciding how much to save, people care most about
a. after-tax nominal interest rates.
b. after-tax real interest rates.
c. before-tax real interest rates.
d. before-tax nominal interest rates.
b
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If the four-firm concentration ratio for the market for pizza is 28 percent, then this industry is best characterized as
A) a monopoly. B) monopolistic competition. C) an oligopoly. D) perfect competition. E) oligopolistic competition.
An increase in foreign real income would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
According to behavioral economics, placement of goods in retail stores is often designed to accomplish which of the following?
A. Maximize impulse buying by consumers. B. Minimize shelving costs. C. Maximize convenience for customers. D. Maximize the amount of product the store can display.
Refer to the information provided in Figure 9.6 below to answer the question(s) that follow. Figure 9.6Refer to Figure 9.6. Assume this firm is in a constant-cost industry. For this firm to ________, the firm must be producing q3 units of output.
A. need to shut down B. be in long-run equilibrium C. be experiencing diseconomies of scale D. need to cut back on production to lower average costs