If Happy Campers has a market share of 55 percent and Campers R Us has a market share of 15 percent, according to Chinese law, Happy Campers ________ be considered a dominant firm and Campers R Us ________ be considered a dominant firm.
A) would not; would not
B) would not; would
C) would; would
D) would; would not
C) would; would
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The idea of comparative advantage is related to
A) the idea of opportunity cost. B) the idea of absolute advantage. C) using the worker with the most diverse sets of skills. D) engineering efficiency.
We say that money is a medium of exchange because it represents:
A. something you can use to purchase goods and services. B. something you can directly offer, like any good or service, in exchange for some good or service you want. C. a certain amount of purchasing power held over time. D. a standard unit of comparison.
The multiplier means that the response to monetary policy is completed immediately.
Answer the following statement true (T) or false (F)
Recent policy statements by the FOMC announce and explain its:
A. targets for money growth with no mention of interest-rate targets. B. decisions for long-term interest rates. C. short-term interest-rate and balance-sheet adjustments with no mention of money growth targets. D. decisions for money-growth targets but also mentioning short-term interest-rate decisions.