The European Union is an example of regional integration.
a. true
b. false
a. true
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When the coupon rate on newly issued bonds decreases relative to older, outstanding bonds, what happens?
A) Older bonds will sell for more than their face value. B) Older bonds can still be sold at their face value. C) The market price of the older bond falls in the secondary market. D) The market price of the older bond rises in the secondary market.
The solution of a game is dependent upon
a. predicted response of competitors b. the existence of a perfectly inelastic demand curve c. costs of production being constant d. economies of scale in production e. marginal revenue being equal to marginal cost
Real GDP per person can increase:
A. if the share of population employed and/or average labor productivity increases. B. only if the share of the population employed decreases. C. only if the share of the population employed increases. D. only if average labor productivity increases.
As new firms enter a monopolistically competitive industry, the demand
A. curve facing each firm begins to shift to the right but the marginal revenue curve remains constant. B. and marginal revenue curves facing each firm begin to shift to the right. C. and marginal revenue curves facing each firm begin to shift to the left. D. curve facing each firm shifts to the left, but the marginal revenue curve remains constant.