Which of the following examples illustrates an oligopoly market?
a. a farmers' market with many individuals selling sweet corn and tomatoes
b. a city whose electrical service is provided by one electric co-operative
c. a city with two firms who are licensed to sell school uniforms for the local schools
d. a city with many independently-owned hair styling salons
c
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The introduction of computer-based technologies in the telephone industry caused
a. an increase in the supply of telephone services. b. an increase in the demand for telephone services. c. an increase in the price of telephone services. d. a decrease in the number of calls handled daily by telephone companies.
Assume that the central bank increases the reserve requirement. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real risk-free interest rate and current international transactions in the context of the Three-Sector-Model?
a. The real risk-free interest rate rises, and current international transactions become more negative (or less positive). b. There is not enough information to determine what happens to these two macroeconomic variables. c. The real risk-free interest rate rises, and current international transactions become more positive (or less negative). d. The real risk-free interest rate and current international transactions remain the same. e. The real risk-free interest rate falls, and current international transactions become more negative (or less positive).
In economics, capital is defined as a financial asset such as stocks and bonds
Indicate whether the statement is true or false
Refer to the information provided in Figure 5.5 below to answer the question that follows.
Figure 5.5Refer to Figure 5.5. As the price of good W increased, the demand for good Y shifted from D1 to D2. The cross-price elasticity of demand between W and Y is
A. negative. B. zero. C. positive. D. indeterminate from this information.