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.
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
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.