In industries in which strong network effects exist, which industry structure is likely to emerge?
A) perfect competition
B) monopoly
C) monopolistic competition
D) oligopoly
D
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If a monopoly is operating on the demand curve where price elasticity is equal to -3, and MR equals 2, then price is equal to
A) 3. B) 2. C) 1. D) 0.
According to economists who promote sticky-price theories
A) only fiscal policy is an effective stabilization policy. B) only monetary policy is an effective stabilization policy. C) both fiscal and monetary policy can be effective stabilization policies. D) neither fiscal nor monetary policy is an effective stabilization policy.
When Mexico suffered from capital flight in 1994, the U.S. real interest rate
a. rose and the real exchange rate of the dollar appreciated. b. rose and the real exchange rate of the dollar depreciated. c. fell and the real exchange rate of the dollar appreciated. d. fell and the real exchange rate of the dollar depreciated.
Which of the following statements is most correct?
A. The higher the deposit insurance limit the greater the risk of moral hazard. B. Deposit insurance limits do not impact moral hazard, they impact adverse selection. C. Increasing the deposit insurance limits above $100,000 would increase coverage for over 50 percent of all depositors. D. The higher the deposit insurance limit the lower the risk of moral hazard.