The poorest regions in the world, as measured by GDP per capita, are:
A. Latin America and the Caribbean.
B. the Middle East and North Africa.
C. Sub-Saharan Africa and South Asia.
D. Australia and New Zealand.
Answer: C
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"If firms in an oligopoly operate as a monopoly, the industry produces the most output and if they operate as perfect competitors, the industry produces the least output." Is the previous statement correct or incorrect? Why?
What will be an ideal response?
If interest rates in the United States were to increase relative to European interest rates, ceteris paribus, then ______.
a. the rate of return on U.S. investments would increase relative to that on European investments b. U.S. investors would increase their demand for European investments c. U.S. investors would offer U.S. dollars for sale in order to buy euros d. the supply curve for euros would shift to the left
Government agencies often regulate the price natural monopolies charge because, if left unregulated, natural monopolies will:
A. charge a price greater than average cost. B. charge a price less than average cost. C. charge a price equal to average cost. D. face too many competitors.
Which of the following is NOT an asset of a bank?
A. transaction deposits B. total reserves C. cash D. loans