In industries in which strong network effects exist, which industry structure is likely to emerge?
A) perfect competition
B) monopoly
C) monopolistic competition
D) oligopoly
Answer: D
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Using a Laspeyres index to calculate the Consumer Price Index (CPI)
A) weights quantities with current prices. B) weights prices with base-year quantities. C) weights quantities with base-year prices. D) weights prices with current year quantities.
Which would be considered to be one of the factors that shift the aggregate supply curve? A change in:
A. consumer expectations on investment projects. B. consumer spending. C. government regulation. D. net export spending.
Portfolio diversification:
A. reduces the likelihood that the entire amount invested will be lost. B. eliminates all risk of loss. C. ensures that investors will receive a positive rate of return. D. provides the maximum possible rate of return from an investment portfolio.
The poor, in considering a job offer, face constraints that middle-class job seekers are not subject to
Indicate whether the statement is true or false