In practice, monopolistically competitive markets are:
A. very rare.
B. virtually nonexistent.
C. the only type of market that truly exists.
D. very common.
Answer: D
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Which of the following is NOT a characteristic of populist regimes?
A) Nationalistic ideologies B) Focus on economic growth C) Focus on income redistribution D) Using economic tools to reach specific goals regarding labor, the orientation of business or the role of foreigners E) Focus on controlling inflation
Quidco International engaged in a leveraged buyout when it borrowed 10% of the funds it needed to purchase Remmick International
Indicate whether the statement is true or false
Expansionary fiscal policy can cause a rise in real GDP in combination with
a. an increase in the price level. b. a decrease in the price level. c. no change in the price level. d. a decrease in the price level if the aggregate supply curve is upward sloping.
The opportunity cost of holding money is:
A. the nominal interest rate. B. the rate of inflation. C. the real interest rate. D. the nominal interest rate less the cost of converting a bond to cash.