The simplest type of oligopoly is
a. monopoly.
b. duopoly.
c. monopolistic competition.
d. oligopolistic competition.
b
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Use the following diagram to answer the next question.
All else equal, which of the following events would cause a shift from (I + G + NX)1 to (I + G + NX)3?
A. Businesses built 225 new apartment buildings. B. Government spending on national defense was reduced by $1 billion. C. The government cut taxes by $100,000 million. D. Russia purchased $75 million of wheat from domestic farmers.
________ is the amount of money a government collects through a tax
A) Tax incidence B) Tax bracket C) Tax revenue D) Tax burden
In the above figure, what is the full-employment real wage rate and quantity of hours per year?
A) $40 and 60 billion hours per year B) $50 and 100 billion hours per year C) $35 and 100 billion hours per year D) $50 and 40 billion hours per year
_____ is an example of an industrial cluster
a. International Trade Union Confederation b. International Workers Association c. International Transport Workers' Federation d. Silicon Valley software makers e. International Affiliation of Writers Guilds