The key difference between oligopoly and other market structures is the interdependence among producers
a. True
b. False
Indicate whether the statement is true or false
True
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Minimum-wage laws are an example of:
A. collective bargaining. B. wage rigidity. C. the discouraged-worker effect. D. insiders versus outsiders.
Comparative Advantage:
What will be an ideal response?
The demand for money curve is drawn
A. with interest rates on the horizontal axis, and the curve sloping up since the "price" of holding money varies directly with the interest rate. B. holding several things constant, including the price level and interest rates. C. holding several things constant, including GDP and interest rates. D. with interest rates on the vertical axis and the curve sloping down since lower interest rates mean the "price" of holding money has fallen.
Following a new deposit of $500, the loans of a commercial bank increase by $400. In this situation, the reserve ratio is most likely
A) 180 percent. B) 80 percent. C) 20 percent. D) 0 percent.