The "competition" in monopolistically competitive markets is most likely a result of having many sellers in the market
a. True
b. False
Indicate whether the statement is true or false
True
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Several people in Neonland are expecting a sharp rise in the unemployment rate in the near future. Which of the following is likely to happen in this case?
A) The labor demand curves of firms in Neonland will shift rightward. B) Neonland's GDP will fall. C) Current consumption by households will increase. D) Investment by firms will increase.
Once a new technology spreads and is adopted by many countries:
A. the first country to use it may lose its comparative advantage. B. the country will have to have strict intellectual property rights protections in place. C. other countries will perfect it, putting them at an absolute advantage. D. the first country to use it will lose its absolute advantage.
If money supply increases, P will rise as long as V and Q remain constant
a. True b. False Indicate whether the statement is true or false
The states that were hit hardest by the bank failures of the late 1980s
a. were primarily dependent on agriculture and the oil industry b. were primarily dependent on tourist revenues c. were located on the West coast d. were primarily dependent on fishing e. were located in the Northeast