Which of the following is characterized by having few sellers, similar prices among sellers, and difficult market entry?
a. oligopoly
b. pure competition
c. monopoly
d. monopolistic competition
e. state socialism
Answer: a. oligopoly
Economics
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The EEC is a group of
a. South American countries b. Eastern European countries c. Asian countries d. Middle Eastern countries e. Western European countries
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An example of an adverse inflation shock is:
A. a tax increase. B. a significant rise in oil prices. C. an increase in government purchases. D. an increase in interest rates.
Economics
Define official settlements account and U.S. official reserves. Discuss the differences between the two terms
What will be an ideal response?
Economics
Did economic output start growing faster than population from the beginning of the human inhabitation of the earth?
What will be an ideal response?
Economics