The Cournot model assumes that the firms take their competitors output as fixed.
Answer the following statement true (T) or false (F)
True
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Employment discrimination is a source of
A. economic inefficiency. B. increased economic growth. C. innovation. D. shifting production possibilities. E. All of the responses are correct.
Which of the following situations will arise in the domestic market following the imposition of a voluntary export restraint?
A) imports increase, domestic production increases, prices increase B) imports decrease, domestic production increases, prices increase C) imports decrease, domestic production increases, prices decrease D) imports increase, domestic production decreases, prices decrease
In the early 1980s the government's primary method of combating inflation was
A) price and wage controls. B) undoing the "self-inflicted" wounds. C) restrictive monetary policy. D) indexing bonds to protect savers.
The crowding-out effect can be:
a. zero. b. partial. c. complete. d. any of these.