Expansionary monetary policy actions
A) Would decrease the demand for agricultural loans.
B) Would decrease the derived demand for farm input supply firms.
C) Would increase the derived demand for farm input supply firms.
D) None of the above.
Answer: C
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Use the following table showing maximum-output alternatives for Brazil and Poland to answer the next question.CountryWineMachinesBrazil3010Poland1010If the two nations open up trade with each other, then
A. Brazil will not gain from specializing and trading, but Poland will gain. B. Brazil will specialize in producing machines and import wine. C. Poland will specialize in producing machines and import wine. D. Poland will export wine.
If Target were to merge with Wal-Mart, this would be referred to as a(n)
A) horizontal merger. B) vertical merger. C) conglomerate merger. D) anti-competitive merger.
When network externalities are present, the market demand for the good in question becomes:
A.unit elastic. B. less elastic. C. more elastic. D. perfectly inelastic.
Refer to the graph shown of average costs for a typical firm. If this industry consisted of one firm producing 1,000 units and one firm producing 500 units:
A. the larger firm would earn higher profit than the smaller firm, but they could both survive indefinitely. B. there is no way to predict which firm would have a competitive advantage. C. the larger firm probably would be forced out through price competition. D. the smaller firm probably would be forced out through price competition.