A perfectly competitive firm and a monopolistically competitive firm are similar in each of the following respects except
a. each has many buyers and sellers.
b. firms sell homogeneous products in both markets.
c. in having perfect information.
d. for freedom of exit and entry.
b
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Conditional input demands are homogeneous of degree zero in input prices.
Answer the following statement true (T) or false (F)
Policy activists can point to the volatility of ________ of private aggregate demand to score points in arguing for discretionary countercyclical policy
A) the consumption segment B) the consumption and net export segments C) the investment and net export segments D) none of the segments
A bank provides:
A. risk diversification; that is, connecting buyers and sellers to ease saving and borrowing. B. liquidity; that is, access to cash when and where you want it. C. liquidity; that is, it connects buyers to sellers to ease saving and borrowing. D. risk diversification; that is, access to cash when and where you want it.
The demand curve for labor of Coca-Cola manufacturers will not shift to the right if:
A. Coca-Cola workers become unionized. B. the price of Coca-Cola increases. C. the firms innovate with new technology that raises labor productivity. D. the price of Pepsi increases.