When firms have the ability to restrict output, raise prices, stifle competition, and inhibit innovation, the market failure involved is
A. Public goods.
B. Inequities.
C. Externalities.
D. Market power.
Answer: D
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M1 includes
A) currency, checking deposits and traveler's checks. B) money, stocks and bonds. C) money, checking deposits and traveler's checks. D) money market mutual funds, stocks and bonds.
The statistical significance of the slope coefficient can only be tested using the F test
Indicate whether the statement is true or false
The argument that when policy changes, people's behavior changes so that historical relationships between macroeconomic variables will no longer hold is known as
A) the Phillips curve. B) the policy irrelevance hypothesis. C) hysteresis. D) the Lucas critique.
If women are not allowed to own property or inherit wealth but men are, this is an example of comparative advantage.
Answer the following statement true (T) or false (F)