The variety of products and features which consumers may choose from in monopolistic ally competitive industries:
A. At least partially offsets the economic inefficiencies of this market structure
B. Leads to an optimal allocation of resources in the market structure
C. Guarantees that firms produce at full-capacity output levels
D. Makes the demand curves facing firms in these industries perfectly elastic
A. At least partially offsets the economic inefficiencies of this market structure
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Why is it misleading to argue that emissions permits are a "license to pollute"?
In an industry with free entry and exit, positive economic profit:
A. can never occur. B. cannot be sustained indefinitely. C. can be sustained indefinitely. D. indicates a market failure.
In a small open economy,Sd = $5 billion + ($100 billion) rw,Id = $10 billion - ($50 billion) rw,Y = $50 billion,G = $3 billion,rw = .06.(a)Calculate the current account balance.(b)Calculate net exports.(c)Calculate desired consumption.(d)Calculate absorption.
What will be an ideal response?
A reserve requirement of 40 percent would mean that each dollar of reserves could support ____ of demand deposits
a. $0.40 b. $1.60 c. $2.50 d. $4.00