Situations in which the assumption of efficient, competitive markets fails to hold are called:
A. market failures.
B. inelastic-response markets.
C. missing markets.
D. market interventions.
A. market failures.
You might also like to view...
Suppose the money supply is set to grow at 12%, real GDP grows at 4%, and the nominal interest rate on Aaa corporate bonds is 10%
Using the quantity theory of money and the Fisher equation, the expected real interest rate on Aaa corporate bonds should average A) -2%. B) 2%. C) 6%. D) 7%.
The unfunded nature of the Social Security system has no effect on investment
a. True b. False
Which of the following best describes a marginal choice?
a. how much of something to do b. “all or nothing” decision making c. whether or not something is legal d. choosing the lesser of two evils
Refer to the above table. You are given information on Celine's consumption for 2010 and 2018. Using 2010 as the base year compute the price index for 2018. The index equals
A. 170. B. 58.823. C. 0.17. D. 0.5823.