Which of the following industries is best characterized as monopolistically competitive?
A. Local telephone service
B. Crude oil
C. Toothpaste
D. Agriculture
Answer: C
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Recently the largest form of international investment funds for developing countries has been
A) foreign direct investments. B) World Bank loans. C) portfolio investments. D) bank loans.
The Keynesian-cross model is a complete macroeconomic model
a. True b. False Indicate whether the statement is true or false
The Great Depression ended in the United States when
a. the New Deal reforms were initiated by President Roosevelt. b. deficit spending ended in 1937. c. the United States returned to the gold standard in 1940. d. the United States began to mobilize for war in the early 1940s. e. the German economy suffered hyperinflation in the 1920s.
If the annual growth rate in Real GDP is 2 percent, then it will take 50 years for the economy to double in size
Indicate whether the statement is true or false