A market structure in which there is one large firm that has a major share of the market and many smaller firms supplying the remainder of the market is called:
A) the Stackelberg Model.
B) the kinked demand curve model.
C) the dominant firm model.
D) the Cournot model.
E) the Bertrand model.
C
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Under the Bretton Woods system, the World Trade Organization (WTO) provided foreign currency loans to central banks and approved adjustments to the agreed upon fixed exchange rates
Indicate whether the statement is true or false
The 2001 recession was caused principally by
A) a slowing in the growth of the money supply. B) a drop in autonomous consumption spending. C) a decrease in government spending. D) a drop in real business investment.
Other things equal, an increase in the general price level causes the money demand function to shift to the left
a. True b. False Indicate whether the statement is true or false
The governments of some nations answer the question of what to produce to
a. enhance free trade b. control the economy c. make people dependent on the government. d. make the economy worse