Core inflation is a measure of:
A. inflation that excludes goods with historically volatile price changes.
B. an overall rise in prices in the economy.
C. the Consumer Price Index with durable goods excluded.
D. the change in the Consumer Price Index with durable goods excluded.
A. inflation that excludes goods with historically volatile price changes.
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Foreign investment in the U.S. causes the
a. balance on current account to become positive b. sum of the capital and current accounts to be positive c. balance of trade to become negative d. quantity of imported services to increase e. value of the dollar to increase
Which of the following can lead to an oligopoly?
a. Product differentiation b. Existence of too many sellers c. Some form of barrier to entry d. Availability of close substitutes
A profit-maximizing monopolist will produce at the point where:
a. total revenue = total costs. b. marginal revenue = marginal cost. c. average revenue = average cost. d. the difference between average revenue and average cost is maximized.
all other things being equal, quantity demanded falls when prices rise and rises when prices fall
What will be an ideal response?