The effect of the invisible hand is likely to be the strongest under which market structure?
A) Oligopoly
B) Monopoly
C) Perfect competition
D) Monopolistic competition
C
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Define GDP
What will be an ideal response?
The easiest economic sector to be ‘globalized' is
a. merchandise trade b. capital flows c. migration of labor d. technology transfer e. none of the above
If you were able to increase the overall class grade point average above the 2.0 to a level of 2.5, what would you do to the distribution?
What will be an ideal response?
Diebold and Rudebusch showed that the composite index of leading indicators did not improve forecasts of industrial production because
A. data on the components of the index are revised. B. the index is not designed for forecasting. C. the government manipulates the index so it never predicts a recession. D. the index is not produced in a timely manner.