Which of the following is NOT a characteristic of perfect competition?
A) differentiated products
B) large number of buyers and sellers
C) price taking by each firm
D) easy entry and exit into the market
Answer: A
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Suppose a record company produces both swing and rhythm & blues music. An increase in the market demand for swing music therefore tends to
A) increase the demand for rhythm & blues music. B) increase the cost of producing rhythm & blues music. C) decrease the cost of producing rhythm & blues music. D) leave the cost of producing swing music unchanged.
Investment spending includes spending on
A) changes in business inventories. B) stocks. C) food. D) transfer payments.
What is the difference between economic and financial investments?
A. Financial investments are sensitive to interest rates; economic investments are not. B. Economic investments add to the capital stock of an economy; financial investments do not. C. Economic investments are expressed in real (inflation-adjusted) terms; financial investments are expressed in nominal terms. D. Financial investments include all purchases undertaken with the expectation of financial gain; economic investments include only purchases of new capital goods.
M1 includes savings deposits
a. True b. False Indicate whether the statement is true or false