(Figure: Shocks and Integration) Suppose that policymakers in Colombia, Peru, and Uruguay care only about being able to use policy in response to shocks? Using the graph, which of the following is most likely to join a currency area with the other countries?
A) Colombia
B) Peru
C) Uruguay
D) Peru and Colombia
Ans: A) Colombia
Economics
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Refer to the table above. What is the marginal benefit that Jenny derives from the fifth unit?
A) $0 B) $1 C) $6 D) $30
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A wholesale flower market is an example of ________
A) perfect competition B) monopolistic competition C) monopoly D) oligopoly
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A man-made resource such as a building or a machine is an example of which resource?
A) entrepreneurial ability B) labor C) physical capital D) human capital
Economics
The outputs of an oligopolistic industry
A) can be homogeneous or differentiated. B) must cost above $100 on the market. C) always have excise taxes imposed on them. D) have no substitutes on the market.
Economics