There are significant barriers to entry in an oligopolistic market
a. True
b. False
Indicate whether the statement is true or false
True
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In 2008, when the net worth of Trust Bank became negative, depositors made a beeline to withdraw their deposits. They feared they might lose all of their deposits if they did not withdraw them. Such a situation is known as: a. a liquidity trap. b. a bank run
c. hyperinflation. d. disinflation.
Economic growth and development in LDCs are low because many of them lack:
a. saving. b. infrastructure. c. a political environment favorable to growth. d. All of the answers are correct.
Which of the following is/are example(s) of increasing cost industries?
A. coffee B. sugar C. apartments D. All of these are correct.
Betty consumes good x and good y. If the price of x = $3 and the price of y = $4, then
A) an extra unit of x costs 4/3 units of y. B) an extra unit of y costs 4/3 units of x. C) an extra unit of x costs 3/4 units of y. D) Both B and C.