Which of the following is a unique feature of oligopoly?
A. Mutual interdependence.
B. Advertising expenditures.
C. Product differentiation.
D. Nonprice competition.
Answer: A
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Gary has to decide between attending a two-day art workshop and a four-day art workshop. If he evaluates only the change in net benefit when he switches between the two options, he is using the technique of:
A) ordinal analysis. B) comparative statics. C) optimization in levels. D) optimization in differences.
An increase in net foreign investment is possible through a decrease in national saving or a decrease in domestic investment
Indicate whether the statement is true or false
Other things the same, in the Solow model in the steady state, a higher rate of population growth ________ growth rate of output per worker
A) leads to a higher B) leads to a lower C) has no long-run effect on the D) has an ambiguous effect on the
A bank that has $10,000 in excess reserves can extend new loans up to a maximum of:
a. $1,000. b. $9,000. c. $10,000. d. $100,000.