Within perfect competition, an individual firm would not be able to affect ______ and is therefore known as a price-taker, yet a market as a whole can affect price by changing market output.
Fill in the blank(s) with the appropriate word.
Ans: Price
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Portney's research of the 1990 Clean Air Act Amendments (CAAA) finds that MSC exceeds MSB. Based on this finding, one can conclude that
a. the CAAA are allocatively efficient b. TSC exceed TSB c. these amendments are inefficient but cost-effective d. the CAAA over-regulate society
The advantage of an effective exchange rate is
A) it gives us an accurate gauge for the strengthening or weakening of a currency. B) it uses a weighted average of bilateral exchanges based on the country's trading partners. C) unreliable because its using different weights to reflect trade flows. D) A and B.
Open market purchases and sales are conducted at the:
A) Federal Reserve Bank of Kansas City. B) Federal Reserve Bank of New York. C) Federal Reserve Bank of Chicago. D) Federal Reserve Bank of St. Louis.
Which of the following countries cannot use monetary expansion in order to reduce youth unemployment?
a. South Africa b. Spain c. India d. Greece