From a consumer's point of view, which type of oligopoly is most desirable?
A. Cournot
B. Bertrand
C. Sweezy
D. Stackelberg
Answer: B
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Which of the following countries has the most equal income distribution?
a. Sweden b. Japan c. United States d. Netherlands
Under a pure command system of government, decisions are made by:
a. firms. b. households. c. the central government. d. banks.
On the settlement date of a futures contract:
A. the future's price is equal to the price of the underlying asset. B. the future's price is always below the price of the underlying asset. C. the future's price may be above or below the price of the underlying asset but not equal to it. D. the future's price is always above the price of the underlying asset.
In the United States, trade adjustment assistance
A. is often criticized on the ground that it provides benefits to millions of workers each year who have not actually been affected by increased imports. B. provides incentives for workers to search for new jobs outside an import-competing industry before they lose their jobs in this industry. C. provides subsidies to firms who produce exportable commodities. D. provides workers who have been displaced from import-competing firms with additional months of unemployment compensation.