Which of the following is true?
a. Competitive forces are present even in markets with high barriers to entry.
b. Quality competition is an unimportant element of the competitive process.
c. Profitability and high prices discourage technological change and the development of substitute products.
d. Government regulations have substantially increased the quality of American manufacturing products in recent years.
A
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To the options buyer, the premium paid for the contract represents the
A) maximum return. B) largest potential loss. C) yield. D) transaction cost.
Make a case for income inequality
On the graph for a monopolist’s losses, the total loss is shown by ______.
a. area DAQM0
b. curve ATC
c. curve AVC
d. area CBAD
The IMF offers loans to developing countries in times of balance of payment constraints, but the IMF also faces strong criticisms because:
A. contractionary fiscal policy and expansionary monetary policy tend to be ineffective against balance of payment constraints. B. contractionary fiscal and monetary policies are always undesirable for any developing country. C. it employs economists that know little about developing countries and their economic affairs. D. the conditions tend to be procyclical, therefore worsening the recessions.