Monopolistically competitive firms are
A. price takers.
B. price includes.
C. price makers.
D. price excluders.
Answer: C
You might also like to view...
Generally with bond ratings, the ________ the rating, the higher the interest rate an investor will receive and the ________ the risk that the issuer of the bond will default
A) lower; higher B) higher; higher C) higher; lower D) lower; lower
An example of a payoff in a game would be:
A. a salary. B. winning an election. C. having clean drinking water. D. All of these are examples of payoffs.
When the government runs a deficit, it will:
A. raise taxes immediately. B. buy bonds to finance the deficit. C. sell bonds to finance the deficit. D. reduce the money supply to finance the deficit.
Which of the following is not true about economic? models?
A. A model is only an approximation. B. They can be highly complex and based on lengthy mathematical analysis. C. They are not? useful, since they do not include all variables.. D. Models are not perfect replicas of reality.