Which firm would you expect to make the lowest profits, other things equal?
A. Bertrand oligopolist
B. Sweezy oligopolist
C. Stackelberg leader
D. Cournot oligopolist
Answer: A
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Approximately, the real interest rate ________ the inflation rate ________ the nominal interest rate
A) plus; equals B) equals; plus C) equals; minus D) minus; equals
Generating electricity creates air pollution. This industry, if left unregulated, will produce at an inefficient market equilibrium where
A) marginal private cost equals marginal social benefit. B) marginal social cost equals marginal social benefit. C) marginal social cost equals marginal private cost. D) marginal social benefit is greater than marginal social cost.
What is NOT a lagging indicator ?
If the nominal interest rate is 20% per year, how much money can an individual borrow today if she wants to repay $100 in one year?
A) $80.00 B) $83.33 C) $120.00 D) $78.00 E) $121.00