Globalization of markets can reduce oligopoly power by
a. increasing the number of competitors
b. increasing market prices
c. bypassing antitrust legislation in a particular country
d. identifying new markets for goods and services
e. reducing the economies of scale
A
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Non-activists are most interested in
A) the short-run level of unemployment and the effectiveness of monetary policy. B) the long-run consequences of policies. C) the effectiveness of monetary policy and the short-run inflation rate. D) the short-run rate of inflation and level of unemployment.
Which of the following is an example of basic research?
a. Conducting animal tests to determine if a product contains irritants b. Soft drink bottlers testing consumer reactions to their advertisements c. A statistician calculating the odds of winning a promotional sweepstakes that a company is running d. A catalog sales company timing its operators to see how many calls each is handling per day e. A chemist building a mathematical model of the atmosphere of Jupiter
As the outstanding debt of a nation becomes very large relative to the size of the economy,
a. the borrowing cost of the government will decline. b. lenders will have no choice but to hold the outstanding bonds and to buy the new ones as they are offered. c. a country like the United States will have no choice but to default on the payments to bond holders. d. if the country has a central bank, it will almost certainly resort to money creation to service the debt rather than directly default.
The theory of population of _____ predicted that the world's population would increase faster than the food supply.
A. Thomas Robert Malthus B. Mancur Olson C. Lester Thurow D. Edward Denison