Oligopoly describes a market with:
A. many sellers.
B. only a few sellers.
C. few or many sellers, but only one buyer.
D. one seller.
Answer: B
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Which of the following is a correct description of Libor?
A) an average interest rate from sixteen large banks are paying to borrow funds from other large banks. B) an interest rate calculated by the British Banker's Association every day at 11 a.m. London time C) an interest rate tied to corporate and mortgage loan contracts valuing roughly $400 trillion D) all of the above
Which of the following goods is least likely to be provided by the private sector?
a. a good characterized by nonrivalry in consumption from which nonpaying customers can be excluded b. a good characterized by nonrivalry in consumption from which paying customers cannot be excluded c. a good characterized by rivalry in consumption from which nonpaying customers can be excluded d. a good for which the marginal private benefit to an individual exceeds the marginal cost of producing the good
Assume that the central bank lowers the discount to increase the nation's monetary base. If the nation has highly mobile international capital markets and a fixed exchange rate system, what happens to the quantity of real loanable funds and monetary base in the context of the Three-Sector-Model? State your answer after the macroeconomic system returns to complete equilibrium
a. The quantity of real loanable funds rises and monetary base rises. b. The quantity of real loanable funds rises and monetary base falls. c. The quantity of real loanable funds and monetary base fall. d. The quantity of real loanable funds and monetary base remain the same. e. There is not enough information to determine what happens to these two macroeconomic variables.
The added revenue that a firm takes in when it increases output by one additional unit is _______ revenue.
A) total B) marginal C) variable D) fixed