Strategic behavior is key feature in which market structure?
A. Monopoly
B. Oligopoly
C. Monopolistic competition
D. Perfect competition
B. Oligopoly
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If most workers are risk adverse why do we still see many workers agreeing to contracts where their compensation is variable like commissions for magazine salesmen or car salesmen?
What will be an ideal response?
A shift in the demand curve will occur when
A) supply shifts. B) the price of an input used to produce the good changes. C) consumers' income changes. D) the price of the product changes.
Any factor that increases resource availability causes a(n)
a. increase in AD b. decrease in AD c. increase in AS d. decrease in AS e. movement to the right along the existing AS curve
Which of the following is not one of the assumptions of the quantity theory of money?
A. Real output is independent of the money supply. B. Causation goes from money supply to prices. C. Velocity is constant. D. The money growth rate is constant.